Nothing overrated about this adjustment
By FRAZER PEARCE
SOMETHING good for ratepayers came out of the Rockhampton sewage treatment works yesterday.
The correction of a simple error in sewerage funding for the council's 10-year financial estimates has slashed what had been prohibitive rate increases earmarked for the city's future budgets.
Councillors breathed a collective sigh of relief at yesterday's special finance committee meeting after viewing new figures on a graph which indicated rate rises (not including the consumer price index) would generally stay around 2% and 1%, instead of nudging 4% and even 5%.
This means the average ratepayer would save about $40 a year, based on the new projected figures, which Mayor Margaret Strelow said were only a guide for forward spending and "not written in stone''.
The previous forecasts had sent shockwaves through the council table last month and prompted Cr John Broad to warn Rockhampton residents to "hold on to your wallets''.
Yesterday Cr Strelow said the corrected figures provided a far better result for ratepayers.
"I can present (this) much more comfortably to the community than I could have before,'' she said, adding that it would take "discipline'' to achieve low rate increases.