2018-19 Council Budget revealed

You are here: Home > Council > News and Newsletters > Latest News > 2018-19 Council Budget revealed

In this Section:

Wednesday, 27 June, 2018

Council endorsed the 2018-19 Budget and revised Council Plan at a Special Council Meeting on Tuesday 26 June.

The budget has a strong focus on renewal and replacement of ageing infrastructure over the coming financial year, with a capital works budget of $15 million and a whole host of exciting projects, including:

Avenel Preschool Upgrade- $526,000 ($376,000 external funds)
Nagambie Recreation Reserve Upgrade- $250,000 ($150,000 external funds)
New Euroa Visitor Information Centre- $160,000
New toilet block on High Street Nagambie- $400,000
Friendlies Reserve upgrade- $210,000 ($160,000 external funds)
Deep Water Boat Ramp on Loddings Lane- $395,000 ($295,000 external funds)
Roads (resealing, road shoulders, re-sheeting, rehabilitation and zero class road upgrade program)- $6.05 million
Maintenance and construction of urban paths, walking tracks and pedestrian bridges- $427,000
Maintenance and replacement of bridges and major culverts- $2.12 million
Drainage maintenance and improvements- $1.75 million

Council’s 2018-19 Budget provides for a capped average rate increase of 1.9 percent, significantly under the State Government’s imposed rate cap of 2.25 percent.

Council has also reduced the farm rate differential from 85 to 82.5 percent of the residential rate, in recognising the contribution the farming sector makes to our local economy.

Mayor Amanda McClaren said Council’s decision to increase rates by 1.9 percent has resulted in a reduction of the rate in the dollar charged to properties compared to last year.

“This reduction is the result of growth and development across the shire in the last 12 months, which has seen an increase in the number of rateable properties and their total value across the shire.”

However, the 2018-19 financial year also brings with it a revaluation period which may mean that individual property rates will vary from the 1.9% average, depending on their valuation changes.

Click here for the full story

Click here for to access the full budget