What is driving the rates increase?

Council has also seen costs rising: Inflation, rising interest rates, and escalating costs for essential needs like insurance and asset maintenance. This has left Council trying to balance the community’s aspirations with a financial reality that is challenging.

To put this in perspective, Council’s fixed costs for interest, depreciation, insurance and utilities alone account for 14% of the originally proposed average 17.4% rates increase.

The final average rates increase adopted by the Council is 16.6% and the actual rates increase varies depending on the location and value of your property and whether or not you receive water and wastewater services.

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