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Published on 21 July 2020
After a comprehensive community consultation process, Maribyrnong City Council will have a 0 per cent rate increase for the 2020-21 financial year with the adoption of the Annual Budget and Strategic Resource Plan by Council on Tuesday 21 July.
Council had the opportunity to take up a 2 per cent increase to rates (in line with the rate cap set by the government), however given the impact that the COVID-19 pandemic has had on the community, the decision was made to implement a 0 per cent increase.
The Annual Budget of $149.7 million will continue to deliver over 60 services for the community, while also committing to a robust capital program valued at $52.241 million.
A total of $2.5 million will be provided in support packages for residents and businesses facing financial hardship due to the pandemic and the Pensioner Rate Rebate Scheme will be increased by 2 per cent from $194.30 to $198.20.
"We understand the devastating financial impact this global pandemic is having on members of our community and many of our local businesses. By setting a rate increase of zero per cent for the 2020-21 financial year and providing $2.5m in COVID-19 relief packages, we hope to alleviate some of the financial pressures faced in the coming months.
"This is a budget that is both future focussed and responsive to the community, allowing much needed support for the community while ensuring we continue to provide essential services plus a robust capital works program. As the economy contracts it is important that we continue to invest in stimulus measures such as the infrastructure projects that our fast growing community needs.
"Council is committed to continuing to monitor the impact of COVID-19 on our community and responding accordingly. We will continue to look for ways to support the community during the Coronavirus pandemic."
For more information visit: maribyrnong.vic.gov.au/budget