One of the toughest budgets in Isaac Regional Council’s history has been handed down today with a rate increase of 4 per cent for residential households.
This decision adopted by Council, was made with careful consideration for the impact on households with most ratepayers seeing an increase of $2.75 or less a week.
Mayor Anne Baker said budgeting for difficult economic times for households and businesses is tough.
“There is no need to sugar coat this, with the rising cost of living we have been pushed to make some tough decisions,” Mayor Baker said.
“This 2023-24 budget is designed to address the cost pressures faced by all of us and support our communities.
“We have made concerted efforts to deliver a limited rate increase for residents while still ensuring we provide essential services, infrastructure development, and community programs.”
Mayor Baker told Councillors during the budget adoption that the impact of global events, inflation, and rising operational costs created an environment where Council needed to constrain spending and renew its focus on core services.
“As a team that lives and breathes our region, we recognise the financial burdens facing our residents, local businesses, and organisation,” Mayor Baker said.
“We have taken a thoughtful and measured approach to the budget process and as we navigate these uncertain times together, Council reaffirms its commitment to responsible financial management.
Mayor Baker said Council’s capital budget would be offset by increased advocacy efforts for external funding.
“Our capital program is $57.6 million and for larger projects we will be seeking grants while advocating to all levels of government to contribute their fair share,” Mayor Baker said.
“Core services will see the major investment with roads receiving $17.7 million, water $5.6 million and waste $12.7 million on top of the operational budgets.
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