A report tabled at last Tuesday’s city council meeting said proposed differential rates, minimum payments, and interest charges, together with interim rates due to growth, are expected to yield a total rate revenue of about $90 million in 2013-14.
Three per cent of the rates would be allocated to the city’s assets infrastructure reserve.
Rate revenue remains the single largest source of revenue for the city, accounting for about 69 per cent of operating revenue in the 2013-14 draft budget. The city report said the region had experienced considerable growth over the past few years and, though the pace of growth slowed in 2012-13, there had been an increase in the number of developments in Ellenbrook, Aveley, Caversham, Brabham and Dayton.
The report said in determining the rate increase for 2013-14 that several factors were considered, including $10.6 million in additional expenditure in the city’s capital works program and salaries and wages growth of $2.5 million. Staffing costs represent 47 per cent of operating costs.
The council will now consider public submissions on the rate hike proposal before finalising its budget, the report said.