Rates settorise by 5.5pc

Image: File photo.
Image: File photo.

Corporate strategy and performance director John Paton said the 2013-14 budget was the culmination of significant work across the organisation.

Mr Paton said growth in the City over the past 12 months had been a little lower than predicted, but it still had 6200 new residents, reflecting a 3.7 per cent population growth, while about 3000 new lots were created.

‘2150 new houses have been completed in the financial year as well,’ he said.

Mr Paton told a council briefing session the City had earned less interest because of low prevailing interest rates.

‘We believe that the budget is a prudent budget,’ he said. ‘It is setting ourselves up to meet the needs of our growing community.’

Mr Paton said administration proposed to start a new reserve for asset renewal projects, while deleting others and transferring funds into similar reserves.

‘One of those strategies will be setting aside money to meet long-term demand,’ he said.

The draft budget includes an anticipated operating income of almost $150 million and expenditure of $151.4 million, both increasing by about 8 per cent on the 2012-13 budget.

It allocates almost $42.2 million for capital works, plus $30.2 million carried forward from the current financial year.

Major projects include starting the expansion of the civic centre in Wanneroo ($1.635 million allocated), work on the Wangara industrial area ($1.6 million), Brazier Road realignment in Yanchep ($2.3 million), Lenore Road upgrade in Wanneroo ($1.5 million) and Yanchep’s playing fields ($2.9 million).

Wanneroo will consider the budget strategies at a meeting tonight.

– Joondalup Council will also consider its budget tonight, flagging a rate rise of 5.2 per cent.