Good news for residents and ratepayers with limited rate increase

01/12/2016

The Independent Pricing and Regulatory Tribunal (IPART) has this week announced that the rate increase will be limited to 1.5% in 2017-18.

Georges River Council Administrator John Rayner said the announcement is welcome news for local residents and ratepayers.

“Council will live within the limit set by IPART. I anticipate that through the merger of Hurstville and Kogarah Councils there will be savings which will assist in improving services,” he said.

“Rates are used to provide essential infrastructure and services such as roads, footpaths, parks, sporting fields, playgrounds, swimming pools, community centres, cycleways, public amenities and our libraries.

“IPART has determined that continuing low inflation and minimal growth in Council costs will see the rates increase limited to 1.5%, which is below last year's rate peg of 1.8%.

The merger of Council means Georges River Council has greater capacity and will not be seeking a special rate rise for 2017-18.”

The rate peg is determined by the IPART each year and sets the maximum general income NSW councils can collect.

The main component of general income is rates revenue, but it also includes some annual user charges. It excludes stormwater and waste collection.

The limited increase in 2017-18 is attributed to the modest rate of public sector wages growth in recent years, as well as the continuing low inflationary environment which has seen the cost of some items used by councils fall. This includes fuel, gas and telecommunication services.

For more information, visit Council’s website at www.georgesriver.nsw.gov.au or phone 9330 6400.

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