Budget

Council adopted the 2020-21 Budget at a meeting on 30 June. 

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..

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




Page last updated: Wednesday, 29 July 2020

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