Highlights of the Redland City 2014-15 Budget
- A headline rates increase of just 3.48 per cent, one of the lowest in South East Queensland for the third consecutive year.
- A general rate increase of about 80 cents per week for the average residential owner occupied mainland property with a value of $282,000.
- $2.7 million in rates rebates for pensioners, with a full pension discount of $330.
- Capital program $61.9 million
- A net predicted surplus of $10.16 million, including operating and capital revenue.
- An operating deficit at the end of the 2013-14 financial year of about $2 million – the lowest in many years and equating to a very small operating surplus ratio of less than -1 per cent.
- Restricting the average water price increase to 3.3 per cent – despite a 14.27 per cent increase in State Government bulk water charges.
- Maintaining existing assets and focuses on assets renewal rather than asset purchase. Maintaining a manageable level of debt with the lowest Council debt per household in South East Queensland.
More at: http://news.redland.qld.gov.au/2014/06/budget-2014-15-councils-budget-lays-the-foundations-for-a-strong-and-secure-future/