Council Adopts Amended Integrated Strategic Plan and Resolves to Apply for SRV

over 2 years ago

At last Tuesday's Ordinary Meeting on 28 November 2017, Council resolved to adopt the amended Integrated Strategic Plan 2017 which was updated to more clearly outline the proposed Special Rate Variation (SRV). Council resolved to authorised staff to notify IPART of Council's intention to submit an SRV application in February 2018.

Council will be applying to permanently retain the 13.2% special variation approved as a one-off increase in 2017/18 and for additional special variations (inclusive of an estimated rate peg of 2.5% pa) of 5% in 2018/19, 5% in 2019/20 and 5% in 2020/21.

The SRV will be used to retain existing services, allow modest “new” asset spend and move towards meeting all Fit for the Future benchmarks.

Council will formally submit the SRV application in February 2018, with IPART to determine the application in May 2018.

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