Budget

The Proposed 2022-2023 Budget is out for public feedback. 

Overview

Supporting 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.

Council 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 growth.

The 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 Community Plan.

In line 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.

To help 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 surplus properties.

The land 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.

 





Page last updated: Tuesday, 24 May 2022

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