Special Variation to Rate Income
In July 2011, the NSW Independent Pricing and Regulatory Tribunal (IPART) approved AlburyCity's application for a three year special variation to rate income.
How this will affect ratepayers is outlined below:
- $20 on the base amount for residential and farmland above the rate peg of 2.8% for 2011/2012, a further $20 on the base amount above the rate peg for 2012/2013 and a further $20 on the base amount above the rate peg for 2013/2014.
- $268 on the base amount for business above the rate peg of 2.8% for 2011/2012, a further $268 on the base amount above the rate peg for 2012/2013 and a further $268 on the base amount above the rate peg for 2013/2014.
These additions to the base remain thereafter.
The additional income raised through the special variation will fund a range of recreational, cultural, environmental, civil and CBD projects. The projects are listed within the Long Term Financial Plan.
AlburyCity's submission can be viewed in the attached documents.
Part A - S508A Special Variation 2011 (147KB) Part B - S508A Special Variation 2011 (473KB) Part B - Attachments 1-22 (excluding attachment 6) (16.79MB) Part B - Attachment 6 (19.16MB)
IPARTs approval is outlined in the attached document.
Approval for Special Variation (833KB)
Special Variation Project Timing and Expenditures
- Original project timing 30/06/2010
*Note: item "Permanent Home to display the DC2 Uiver Replica" value $2 million was excluded from the Special Variation approved by the Independent Pricing and Regulatory Tribunal (IPART) - Revised project timing 30/06/2012