2024–2025 Budget

Our 2024–25 Budget was adopted at our June Council meeting. The Budget balances new initiatives, quality service delivery and financially sustainable.

This year’s Budget will help our City grow and face future challenges.

The Budget outlines the resources we need to fund the large range of services we provide to the community. It also details the capital spending needed to improve and renew our City’s infrastructure, buildings and operational assets. Additionally, it includes our plans for investing in technology and other improvements to ensure we continue delivering high-quality, responsive and accessible services at a reasonable cost.

We remain committed to using ratepayer revenue responsibly and generating extra income to invest in maintaining and improving our community services, infrastructure and facilities. We are also committed to engaging with the community while delivering quality projects and services that make our City a great place to live, work and do business.

Our Budget and Financial Plan allocate funds for our climate emergency response including investment in emissions reduction, urban greening and transition to a circular economy.

We will continue to plant trees to increase our City’s canopy cover and carryout upgrades and renewals of community and sports facilities, including completing the Carnegie Memorial Swimming Pool.

We’ve allocated $35.1 million for asset renewals, upgrades and expansions. The funds will go towards renewing and upgrading major infrastructure assets including road reconstruction, drainage improvement and footpaths.

We’ll also fund our Open Space Strategy initiatives including parks, playing surfaces and playground equipment.

For the 2024–25 year, the Budget has been prepared in accordance with the Victorian Government’s Fair Go Rates system and the rate will increase by 2.75 per cent.


 

Past budgets