The Council adopted at its meeting on 24 June 2015 the 2015/16 Budget, which includes a lower than forecast increase in rates and charges revenue of four per cent. The rate increase is a full percentage point lower than projected in its Financial Plan 2013-17.
The increase will be applied to maintaining existing services (two per cent) and the Capital Projects Program (two per cent).
The adopted budget includes allocations to Benalla Street Art 2016 and the Tomorrow: Today Foundation as a result of community consultation following the release of the proposed budget in April.
The budget forecasts an operating surplus of $288,000. This is a result of $223,000 in savings in operating costs and an increase of $66,000 in the final 2015/16 Financial Assistance Grant allocation from the Federal Government.
“I thank all the Councillors, Council Officers and community members who all gave important input into this responsible Budget that balances efficiencies in operating costs with maintaining services for our ratepayers,” said Cr King.
“It is a measure of the Council’s prudent financial management that we are able to present this Budget,” he said.