Council endorses draft budget

AlburyCity is proposing minimal to no increases in rates and charges for 2017-18, with the average residential property rates to rise by as little as $4 per year.

Council has tonight endorsed its 2017-18 draft budget for community consultation.

Mayor Kevin Mack says keeping any increases to a minimum while maintaining and improving city infrastructure and delivering a high level of service to residents has been both challenging and rewarding.

“We’ve again been able to deliver a surplus budget in all three funds - general, water and sewer, which will help to fund important community infrastructure renewal and improvements”.

“These positive results have been achieved despite a difficult operating environment in which the NSW Government has capped rates to 1.5% and funding Council relied on from the Federal Government has been slashed,” Cr Mack said.

“Our draft budget demonstrates that we’re in good shape and reflects our Fit for the Future status and commitment to delivering Albury 2030.”

AlburyCity General Manager, Frank Zaknich says Council has developed a responsible capital works program focusing on maintaining and improving roads, footpaths, water quality and sewer networks as well as continuing the future planning agenda to grow the city and provide quality services and facilities.

"This is a solid, responsible draft budget and further evidence of the work we have done to ensure we are financially sustainable for the future," Mr Zaknich said.

Key facts and figures

  • Rate increase of 1.5% in-line with the IPART NSW Government rate peg
  • Domestic Waste Management Charge to be maintained at its current level due to surplus funds held in the Domestic Waste Management Reserve  
  • No increases for water and sewer consumption and access charges
  • Total cash spend of $135M to fund 2600 expenditure items, including $47M for capital works
  • Service and Efficiency Review Program projected to achieve $3.1M in savings by 2018-19
  • Debt levels well below State Government benchmarks – our General Fund Debt Service Ratio of 7% remains well below the Fit for the Future benchmark of 20%
  • $5M proposed in new loans to fund Special Variation to Rates projects

Key spending initiatives

  • $20M to fund water and sewer projects
  • $ 8.5M on road, bridges and footpath improvements
  • $ 4.1M Albury Airport terminal upgrade  
  • $ 2.5M for the Lavington Sports Ground Sports Precinct Redevelopment
  • $ 2M  for Albury Waste Management Centre improvements
  • $ 2M on Fleet purchases
  • $1.4M in financial assistance to community groups and not-for-profit organisations
  • $1.6M to improve heating and cooling at the Albury Entertainment Centre
  • $ 1M on the Bungambrawartha Creek Outfall restoration
  • $586K to support local community and sporting organisations develop their facilities

The draft budget will go on public exhibition from 29 April until 26 May to allow community feedback. Submissions can be sent to 553 Kiewa St, Albury, 2640, or email info@alburycity.nsw.gov.au

There’ll also be a number of community information sessions where residents can learn more about the draft budget. These will be held on the following dates:

  • Wednesday 3 May, Robert Brown Room (AlburyCity) at 5.00pm
  • Tuesday 16 May, Mirambeena Community Centre at 1.00pm
  • Thursday 18 May, Robert Brown Room (AlburyCity) at 11.00am

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