Council endorsed its 2024-25 to 2027-28 Budget on Tuesday 25 June 2024.
Overview
The budget will see us deliver facilities and
services to meet the community’s needs, while helping the Council remain
financially sustainable in a challenging economic environment.
The budget forecasts a small operating surplus of
$1.514 million in 2024-25, while containing total average rate rises to
the 2.75 per cent Victorian Government cap.
The Council’s strong focus on new and upgraded
facilities to cater for Greater Geelong’s growing population will
continue.
A capital works program totalling $203.9 million in
2024-25 and $748 million over the next four years will result in new or
improved sporting facilities, community centres, and parks and reserves across
the region.
The works will be delivered via a combination of direct Council funding, state
and federal government grants, and developer contributions.
A draft budget was available for community feedback
between 24 April and 22 May, generating 345 submissions. A budget submissions panel hearing took place on Monday 3 June for those who wished to present their feedback in person. All feedback was considered prior to the
endorsement of the final budget, resulting in several changes.
You can view a detailed snapshot of the budget, or the full document can be accessed below.