a raft of capital works projects and progressively increasing spending on existing
assets are key features of the Council’s Proposed 2022-2023 Budget.
After more than two years of running annual deficits to support a
range of targeted COVID-19 recovery packages, the Council has unveiled a
Proposed Budget that is back in the black.
is proposing a $206.6 million capital works program in 2022-2023, to encourage
further private investment and to cater to the region’s continued population
program maintains all of the commitments outlined in the 2021-2022 to 2024-2025
Budget and aligns with the strategic directions contained in our four-year Our
with a new 10-year Asset Plan, a greater share of funding will be used to improve
the condition of ageing assets across Greater Geelong.
ensure that the needs of the community are met in coming budgets and reduce
debt levels, Council is seeking submissions on the potential sale of four
holdings are not in the Council’s long-term plans and are likely to attract
interest, given they all host commercial activities.
Council is now seeking public feedback on the Proposed
2022-2023 Budget, Rating and Revenue Plan and potential sale of assets.