Draft 2019-2020 Budget

Submissions closing on 31 May 2019, 05:00 PM

Corangamite Shire’s $45 million Draft Budget 2019-2020 delivers a $1.2 million operating surplus while complying with the State Government’s rate cap with a 2.5% rate increase.

In a windfall for ratepayers, the waste management charge will decrease by 4.72% per property, which includes a $19 per household adjustment due to lower-than-expected costs associated with the global recycling crisis in 2018-2019.

The draft allocates $14.8 million for new assets, asset upgrades and renewals.

Download the full document here.(PDF, 3MB)

Budget Fact Sheet 2019-2020 23042019.jpg

Budget highlights:

  • Roads ($8.2 million) – including rehabilitation, roads to recovery projects, resheeting and resealing.
  • Parks and gardens ($1.5 million) – including Stage 1 of the Timboon - Port Campbell trail
  • Buildings ($1.4 million) – including the Port Campbell toilet block, swimming pool upgrades and ongoing maintenance of buildings.
  • Plant and Equipment ($1.7 million) – including ongoing cyclical replacement of the plant and vehicle fleet and upgrade and replacement of information technology
  • Grants ($367,500)
    • Quick Response Grants ($17,500)
    • Community Grants Funding ($50,000)
    • Community Planning  township allocations ($30,000)
    • CBD Façade Improvement Program ($50,000)
    • Facility Grants—including design grants ($80,000)
    • Environment Support Grants ($30,000)
    • Events & Festival Funding ($60,000)
    • Business Incentive Grant Program ($50,000)
  • Population and Migration Attraction Project ($100,000)
  • Incubator Hub Study ($100,000)
  • Derrinallum Streetscape Project ($200,000)

 

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