How low can you go?

How low can you go?

The 2.6 per cent rise for residential rates is less than the 2.75 per cent inflation rate and would result in minimum payments of $775.

Mayor Phil Marks said the ‘sensible’ rate rise aimed to increase the total rate levy by 2.5 per cent and was another reason the City believed amalgamation with any other local government would not be in the Belmont community’s best interests.

‘By encouraging growth in commercial, industrial and residential properties for decades, and maintaining consistent and appropriate rate increases in line with inflation, the City has been able to continue to keep rate increases to a minimum,’ he said.

‘Belmont has consistently imposed sensible rate rises generally in line with inflation over many years, which means consistent and more manageable increases for the community.

‘The City’s low rate increase is testament to an efficient organisation that employs sound financial management to benefit our community, which we believe is very important.

‘This sustainable financial management and resulting strong financial position supports the City’s view that amalgamation with any other local government is not in the best interests of the Belmont community.’

The Shire of Kalamunda adopted a 4.75 per cent rate increase to create an operating surplus of $5.97 million.

Among the highest metropolitan rate hikes is the 10.5 per cent residential rate adopted by the Town of Victoria Park.

The Town introduced differential rates for the first time this financial year and previously had rate rises of 8 per cent, but maintains it is still among the lowest rating local governments.

The Shire of Serpentine-Jarrahdale will raise rates 7 per cent, Rockingham by 6.9 per cent and the cities of Gosnells and Joondalup by 3 per cent.

Four councils have yet to propose their rate increases.

Cr Marks said it was important to note that the Consumer Price Index was not the only inflation measure for local government, as the Local Government Cost Index forecast was 2.5 per cent.

‘The City has maintained parity with a significant component of inflationary pressure for the forthcoming year,’ he said.

Details
– Belmont’s rates rise last financial year: 3 per cent
– CPI was forecast at 3 per cent and LGCI at 3.2 per cent last year
– Proposed minimum payments this year:
Commercial . . . . . . . . . . . . . . . . . . . . . $910
Industrial . . . . . . . . . . . . . . . . . . . . . . . $930
Marina . . . . . . . . . . . . . . . . . . . . . . . . . $910