Council adopted the 2020-21 Budget at a meeting on 30
June.
Due to the inclusion of additional items, including a
further COVID-19 support package, the final Budget will be available to view
from Tuesday 14 July.
Budget highlights at a glance
Infrastructure investment and support programs to drive the region’s
economic and social recovery from the COVID-19 emergency are at the centre of
the Budget.
A core focus is a $160.1
million capital works program, which will provide a critical boost to local
investment, strengthen local employment and provide essential facilities and
services that our community relies on.
The Budget retains our
commitment to the four-year Council Plan, while committing significant funding
towards initiatives that will help the region rebound from the global
coronavirus crisis and supporting jobs and flow-on economic activity by
maintaining momentum on projects that will play a critical recovery role in the
longer-term.
The Budget has been developed in line with the 11 strategic priorities contained in the Council Plan 2018-2022.
The priorities reflect the views of the community, drawing from the 30-year clever and creative vision for Greater Geelong.
Features of the 2020-2021 Budget
- Average
residential rate rise: 1.9% (under the
Victorian Government’s rates cap)
- Average
capital improved value of residential property: $550,085 – up from $545,998 (Source: Valuer-General Victoria)
- Average
household rates: $1,671.22 – up $53.87
(Includes a waste collection service charge of $360.95)
- Proposed
expenditure: $560 million
- Capital works program: $160.1 million