Council budget

2018/19 Budget 

We are currently developing our 2018/19 budget. 

During our first stage of consultation, from 1 December 2017 to 19 January 2018, we asked our community to tell us their priorities for the next budget.

This feedback will be provided to councillors as part of their budget deliberations.

 

Information Sessions

We are also holding information sessions to provide an overview of Council finances and take your questions and feedback.

The information sessions will be held on:

Thursday 8 February 2018
6pm – 7:30pm
Bargoonga Nganjin North Fitzroy Library
182 St Georges Road, North Fitzroy
Community Room (level 2)

Saturday 10 February 2018
10am – 11.30am
Richmond Town Hall
333 Bridge Road, Richmond
Meeting Rooms 1,2 &3

Monday 12 February 2018
6pm – 7.30pm
Collingwood Town Hall
140 Hoddle Street, Abbotsford
Main Hall

 

Visit our Your Say Yarra page to learn more about the process 

 2017/18 Budget

Adopted in August 2017, our $173 million operating expenditure budget for 2017/18 funds hundreds of everyday high quality community programs and services. 

It also allows us to maintain and improve infrastructure and provides funding for some exciting new projects through a $30 million capital works program.

The 2017/18 Budget and Long Term Financial Strategy were adopted on 1 August 2017, following extensive community consultation.

Budget at a glance

  • $173 million total operating expenditure budget
  • $30 million for capital works projects and other new initiatives
  • $2 million for community grants and contributions
  • 2% increase in general rates, in line with the State Government’s Fair Go Rates System
  • 2% per cent increase in the rate rebate for pensioners (from $175 to $178.50 per annum).

Budget highlights

  • $8.4 million for road upgrades
  • $6.8 million for community building upgrades
  • $3.95 million for improving parks, playgrounds, open space and streetscapes 
  • $840,000 for laneway upgrades, including bluestone laneway reconstructions
  • $2 million for a Local Area Place Making program to improve road safety and residential amenity (including a $1million grant from VicRoads) to be delivered over the next 3 years
  • $500,000 to extend the separated bike lane in Wellington Street, Collingwood
  • $450,000 for a new park at the corner of Charles and Mollison streets in Abbotsford
  • $240,000 to improve the Victoria Street streetscape in Richmond (to add to a $200,000 State Government grant which Council successfully advocated for)
  • $171,000 to trial an innovative program for food waste recycling
  • $150,000 to support the Cubbies Adventure Playground
  • $102,000 for a marker honouring members of the Stolen Generations

No waste service charge

Council has decided not to introduce a separate waste services charge in 2017/18, after initially proposing to do so in a previous version of the budget, following overwhelming community feedback against the proposal. Instead we will be undertaking a range of efficiency measures outlined below.

Measures to address a challenging financial environment

Council’s budget and long term financial strategy are under pressure due to population increases, capital and asset renewal needs, the State Government Rate Cap, debt management requirements and increasing costs of providing services within the constraints of shrinking grants and financial assistance from State and Federal Government. 

To address these challenges, we will be undertaking a range of measures including: continuing to achieve operating efficiencies through a review of management staffing levels and corporate structures, further shared services and procurement, reducing the use of cost of external consultants including legal services, more effective debtor management strategies, attracting more external grants, reducing Council’s passenger fleet reliance and other measures.

We will also deliver a comprehensive Property Management Strategy with targets to increase revenue from Council-owned buildings, and look at how we manage Council assets that are surplus to our needs.   

If you have a question about our council budget ask us.

Past budget