Ratepayers to cough up $4m more in rates by 2023-24
The City of Albany expects to be raising an extra $4.1 million in annual rates by 2023-2024.
Unveiled during last Tuesday night’s Community and Corporate Services committee meeting, the City’s Corporate Business Plan anticipates raising the overall rates revenue to $42,968,500 in 2023-24 from $38,851,159 this financial year in an effort to balance expected future budgets.
Another $840,000 is also forecast to be raised from “other general purpose revenue”.
“This plan is informed and supported by a 10-year financial plan, an asset management framework, a people strategy and a business plan for each service delivery unit which are available on the City’s website,” the plan’s executive message said, which was signed by Mayor Dennis Wellington and chief executive Andrew Sharpe.
“While resourcing requirements are expressed in these informing plans and strategies, they are indicative, and commitments only arise through adoption of the City’s annual budget.
“Flexibility is built into the plan to ensure the City is able to adjust to external influences as they arise such as funding opportunities.”
Key performance indicators for Mr Sharpe are also laid out.
They include goals such as the delivery of a draft education vision for Albany, presenting a business case to the council for City-owned properties to run on renewable energy, and developing an Albany Heritage Park master plan.
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