Update on where CCC is at with rates harmonisation:
CCC Councillors first enquiry was to harmonise our ordinary rates next year – a confidential report was presented to council early this month
We are now exploring postponing harmonisation in more detail for a year (harmonise in 2020/21)
For those interested here is a link to the report to council from Monday night href=”https://cdn.centralcoast.nsw.gov.au/sites/default/files/Council/Meetings_and_minutes/amendeditem49-ordinaryratesharmonisation.pdf” title=”Ordinary Rates Harmonisation Central Coast Council” target=”_blank”>
Councillors have requested a further briefing next Monday that our brand new CFO is going to deliver. As part of the briefing we are going to give them the following scenario:
Impact on rates 2020-21 with the following assumptions (all modeled in IBIS – not spruiking it but spread sheets are not my forte)
• Max min $553 – exception max min for a res sub category which is $282
• 2.5% increase on revenue from 2019-20 for all categories
• Harmonised Rate in the Dollar for the residential ordinary rate (it’s not a pretty curve)
Happy to discuss with other merged councils if you are experiencing the same questions.
Mel
