Our Annual Business Plan and Budget for 2024/25 was endorsed on Monday 24 June 2024, with an overall rate increase of 6.25% plus new property growth. This includes a service level increase to fund the tree canopy project to reach 25% by 2040.
Our community is relying on action now to respond to the impacts of climate change and urban heat island effects to ensure our City is a cool and comfortable place for generations to come.
The budget also aligns with our commitment to transforming our city in response to evolving needs and challenges. This includes transitioning to a low-carbon future, managing population growth, and preserving our history and heritage.
In delivering the 24/25 Budget, we acknowledged the volatility of the recent economic climate including increases in the cost of delivery of infrastructure and services has had an influence on the rates increases required for the next financial year.
This investment, along with our selected projects, aims to provide valuable assets and services for our community now and in the future.
The rates invested by the community will ensure we can deliver:
- Continued frequent verge cutting at a cost of $2.015m
- $27.175 million towards roads, footpaths, lighting, and stormwater renewal and upgrades
- $16.04 million on sporting clubs, property, and open space projects, including $1.615 million for updates to the Woodville South Sports Club changerooms
- $5.228 million in 2024/25 for the Ngutungka Henley (Henley Library and Community Centre) project, totalling $11.219 million
- $1.548 million in additional greening and climate initiatives, of which $1.214 million is allocated for tree canopy
- $2.5 million to supply and install solar panels, batteries and associated energy management equipment on Council buildings to maximise the benefit from a Power Purchase Agreement (PPA).
- $631k in grant funding to support community and business initiatives