Major capital works on way for City of Perth

While residential rates will increase to 4.7 per cent, the City will deliver almost $60 million in major capital projects in the new financial year, including the finalisation of the new library at Cathedral Square.

Ms Scaffidi said the City was in the midst of an exciting period of growth.

“In 2015-16, the State Government will start to hand over some of the infrastructure assets from the Elizabeth Quay and City Link projects to the City of Perth to manage,” she said.

“Taking into account increasing State Government costs and the reduction in Commonwealth Government grants to local governments, the council has made every effort to ensure a sustainable financial position for the City, while continuing to cater for its growth.”

The budget also included increases in commercial rates, reserve hire and rubbish collection fees.

Capital expenditure for 2015-16 has been budgeted at $59.6 million, $12.5 million below the previous year’s budget.