Announcement of the 2023/24 Budget

Published on Wednesday, 23 August 2023 at 1:06:50 PM

After years of hard work and planning, we are committed to achieving a sound balance sheet through powerful fiscal management. 

Though we face some challenges with assets in poor condition and lean cash reserves, we have a solid long-term financial plan in place which Council votes on in March 2023. This part is our key to becoming a sustainable local government.

While rates have seen a slight increase of 2.5% this year, I assure you we are on a vigilant monetary watch. This is the first increase in rates since the 2020/21 financial year. For three successive years, Council has adopted a 0% rate increase.

By adhering to the Financial Plan, we anticipate saving an estimated $35 million in the next ten years, with $25 million in staff costs alone.

Key features of the Annual Budget include vital drainage works ($683,990), Parks work ($637,769) and the Broadway renewal project ($842,592).

A small annual $30 increase in waste service fees will continue to fund the City’s FOGO residential bin services. The increase will also support Council’s recent decision to join the Western Metropolitan Regional Council to enable residents to access the Transfer Station at Shenton Park. The City has maintained one of the lowest priced residential bin services in the metropolitan area, and through the implementation of FOGO we have increased our waste diversion by over 20%.

Setting the Budget is a challenging task for Council and administration. I want to thank everyone involved in the process. If you have any feedback or queries please don't hesitate to reach out to myself or your Ward Councillors. Your views are valued, and we are here to listen and address any concerns you may have.

As always, our aim is to support the community, the environment, our assets, and our bank balance. Financial freedom won't happen overnight, but with determination and resilience, we will emerge as one of the best local governments in the world.

Thank you for your continued support as we work together towards a brighter future for the City of Nedlands.

Yours faithfully
Mayor Fiona Argyle

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