Council budget
Council recently sought community feedback on its Proposed 2012/2013 Budget.
Submissions from community members about the Proposed Budget were due by Monday 7 May. People who made a written submission are encouraged to speak in support of their submission, or be represented by a person acting on their behalf, at a Council meeting at the Fitzroy Town Hall on Tuesday 22 May, from 6.30pm.
Council will consider all of the feedback before adopting its final Budget at the Council Meeting to be held at the Richmond Town Hall on Tuesday 5 June, from 6.30pm.
Here is the 
Proposed 2012/2013 Budget (966.34 KB). Here is a media release Council has issued about the Proposed Budget.
Highlights of the Proposed Budget include a $31.6 million capital works budget, including funding to begin the Collingwood Town Hall refurbishment to make the building safer and more accessible.
Funding would also be provided to prepare for construction of the North Fitzroy Community Hub (which will include a new purpose-built library) and the Lourdes Family & Children’s Hub.
Under the Proposed Budget, total rate revenue would be increased by 5.9%. The rates rebate for pensioners would be increased from $130 to $136, one of the largest rebates offered in Victoria.
In a non-revaluation year, the proposed increase in total rate revenue would work out at about $60 extra per year for an average ratepayer with a property valued at $630,000. However, this is a revaluation year which means that the total rate income which Council budgets for will be redistributed amongst ratepayers based on the new valuation for each property.
The new valuations, based on market evidence from around January 2012, will appear on people’s rate notices in August. Many ratepayers will receive a rate increase above the average while many people will receive a below-average increase. Some people may receive a decrease in their rates.
Previous Council Budgets
Download budgets from previous years:
Council Budget 2011-2012 (2.84MB)
Council Budget 2010-2011 (1.63MB)
Council Budget 2009-2010 (700.22kB)
Council Budget 2008-2009 (2.59MB)
Further information
Philip Mason
Manager - Finance
9205 5449
Philip.Mason@yarracity.vic.gov.au
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