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Rate increases by Livingstone Shire set to taper off

THIS financial year's general rate rise will be the highest Livingstone Shire Council ratepayers can expect for the next 10 years - if the council's 2014/2015 budget is on the money.

Ratepayers will receive a 4.6% general rate rise this financial year.

But there will be a 4.3% general rate rise for the two following financial years.

Then from the 2017/2018 financial year, general rate rises are predicted to only jump at 3.3% every year until the financial forecast ends in 2023/2024.

The low rises are tainted by council's decision this year to keep rates low by borrowing $6 million on top of its $78 million debt.

According to the budget, borrowing will continue most years and debt will have dropped by only about $10 million by 2023/2024.

The 2014/2015 budget will be officially handed down at a special meeting of councillors on Tuesday.

Apart from revenue from rates totalling about $68 million, council expects to make $1.5 million in the sale of land over this financial year.

Mayor Bill Ludwig (pictured) has already flagged some of council's top projects in the Yeppoon Main Beach water feature, Emu Park sports complex and the Panorama Dr project. Like Rockhampton Regional Council, council's main cost is employees' wages.

Topics:  livingstone council, rates




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