Bass Coast Shire Council will consider a draft rating option paper and 10 year plan that will guide Council’s long term financial decision making at a special meeting on Wednesday, 11 March.
Bass Coast CEO, Paul Buckley, said Council would be asked to approve the draft rating option paper for public consultation.
“The paper contains five options,” Mr Buckley said.
“It reviews how the cost of rates is shared by different property types.
Mr Buckley said in previous years, Council has received feedback, particularly from farming groups, that its rating strategy is unfair.
“The rating strategy will not decide how much rates Council collects, rather how the cost of rates will be shared by different property types such as residential, farming, commercial and industrial,” Mr Buckley said.
“At its meeting next week, Council will review the discussions paper and be asked to consult with the community on the five options, or variables thereof, identified in the paper.”
At the meeting, Council will also review Securing Bass Coast’s Future – a draft long term financial plan.
“Securing Bass Coast’s Future has been drafted to outline how Council will maintain financial sustainability and transparently demonstrate the impact of all financial aspects, including rating levels,” Mr Buckley said.
“It includes objectives like capping expenses at existing levels, maintaining debt levels below guidelines, pursuing grant funding and responsible rate increases that see us remain low rating, but allow us to renew our community facilities and assets.”
The draft plan also considers the impact rate capping would have on Council’s budget.
If Council endorse the draft plans, they will be released for community consultation and feedback from Thursday, 12 March. More information will be available at www.basscoast.vic.gov.au and advertised in local papers from this date.