Council adopts Budget
AlburyCity adopted its 2016-17 Budget, including its Operational Plan and Four Year Delivery Program, at an extraordinary Council meeting on Tuesday night (14 June).
The adoption of the Budget means AlburyCity can implement its $52M capital works program and fund more than 2600 expenditure items.
Mayor Henk van de Ven said it was a responsible Budget that consolidated AlburyCity’s long-term financial sustainability while keeping all increases at sustainable levels.
“It is vital we invest in upgrading our essential infrastructure such as water and sewer networks, roads, drains and footpaths,” Cr van de Ven said.
“Over the next year we plan to spend $11.3M on sewer fund projects, $9.2M on roads, bridges and footpath projects, $3.3M improving Albury Waste Management Centre and $2.2M to upgrade Albury Airport's terminal.”
Under the Budget, there will be a 1.8 per cent rate increase – one of the lowest rises in recent times – and this is in-line with the IPART NSW Government rate peg.
“When all rates, water, sewer and domestic waste increases are combined the total increase for the average residential property in Albury is an additional $39 a year - or 75c a week,” Cr van de Ven said.
“I’m also pleased that, in addition to providing necessary infrastructure, this Budget also provides $1M in financial assistance to community groups and not-for-profit organisations and an additional $450K from Council’s Community Fund to help organisations develop their own facilities.”
The adoption of the Budget follows a four-week public exhibition and information period, including business and community briefings, during which residents were invited to make a submission.
Six submissions were received from the public and taken into Council’s deliberations.