DRAFT Revised Delivery Program 2018–2022 + Operational Plan 2021–2022
KEY REVENUE ASSUMPTIONS AND SOURCES Rates and Annual Charges
Total revenue raised from the levying of land rates is capped by the State Government with the Independent Pricing and Regulatory Tribunal (IPART) developing a Local Government Cost Index (LGCI) for use in setting the maximum allowable increase in general income (i.e. the ‘rate peg’) for local government. The 2021-22 Budget allows for an increase of 2.0% incorporating a 0.2% allowance to cover Council election costs, representing the approved rate peg for the next financial year. Further, a Stormwater Levy is included in the Budget and is estimated to raise $240,000 in 2021-22 for allocation to important stormwater capital infrastructure initiatives. Rates and Annual Charges also include revenue associated with the Domestic Waste Service. A 2.0% increase has been applied for 2021-22 to cover increased contractor and recycling costs based on a full cost recovery determination.
Rating Categories There are two categories of rates: Residential Business Council operates a base rating system whereby 50% of residential rate revenue is derived from a rate in the dollar (ad valorem) calculation based on all rateable land value within the Council area with the remaining 50% derived from a base rate which is calculated by dividing the remaining rate revenue by the number of assessable properties. The same system operates within the business category however the split is 60% ad valorem and 40% base rate.
Ratable Valuations Number of Properties Rate in $ Base Amount Total Income Average Rate
Residential
Business
17,144,084,594
776,782,466
12,840
602
0.0005699
0.0015265
762
1,313
19,554,550
1,976,093
1,522
3,282
133
