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Special Rate Variations
2015 Special Rate Variation
The 2015 Special Rate Variation (SRV) was approved by IPART (Independent Pricing and Regulatory Tribunal of NSW) in May 2015 for a SRV over 5 years to 2019-2020.
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The 2015 SRV has concluded and is not part of the 2023-2024 budget; however, we will continue to report on it until 2025.
The revenue raised by the 2015 SRV has been critical in ensuring we achieve financial sustainability, as indicated by our forecast budget surplus for 2023-2024 and beyond.
It has also allowed us to accelerate the completion of our priority projects and our Capital Works Program as well as fund critical infrastructure renewal projects.
