$48.1m 2018-2019 budget in the black

Published on 13 June 2018

2018-2019 Budget Cover cropped.jpg

Corangamite Shire Council last night adopted its $48.1m 2018-2019 budget with a continuing focus on financial responsibility and infrastructure renewal.

Mayor Jo Beard said Council had cleared all its debt in 2017-2018 and would remain in the black for the next 12 months with a $2.56m operating surplus.

“Thanks to careful financial management, we will be able deliver the services the residents of Corangamite want and deserve without having to borrow in the coming financial year,” Cr Beard said.

“Every year the budget process is a challenging task. We need to get the balance right to benefit the entire community with a modest budget.

“We can be proud that we remain debt-free but have come up with a fair and equitable range of projects across the whole shire.”

Budget highlights include:

  • Roads ($7.038 million) - including rehabilitation, roads to recovery projects, resheeting and kerb and channel improvements.
  • Bridges ($1.240 million) - completion of stage three of the Castle Carey bridge replacement and road realignment.
  • Buildings ($1.218 million) - including solar panel installations, preschool upgrades, Theatre Royal flooring and toilet upgrades at the Lakes and Craters Holiday Park.
  • $450,000 for roadside drainage and slashing
  • Kerb and Channel ($255,000)
  • Footpaths ($210,000)
  • Grants ($255,000) – including CBD Facade Improvement Program ($50,000) and Community Planning township allocations ($30,000)

The budget includes a rate increase of 2.25 per cent, in line with the State Government's rate capping framework.

The garbage collection charge will rise $63.50 to $360 per property in 2018-2019 because of increased costs associated with the widely publicised global recycling crisis, and China’s ban on accepting recyclables.

Cr Beard said Council would deliver a $13.3m capital works program, mainly for road initiatives.

“The big projects include rehabilitation of Boorook Road ($179,000), Cross Forest Road ($246,000), Curdievale Port Campbell Road ($175,000), Eastern Creek Road ($255,000) and Timboon Curdievale Road ($386,000),” she said.

“As well as keeping our local roads in excellent condition, we will also keep pushing the State Government to fix its main road network within our Shire,” she said.

“The budget includes $450,000 for roadside drainage and slashing, and $250,000 for weed control which we hear, loud and clear, is of concern to our residents.”

She added that $336,000 would be spent on managing the urban street trees that characterise the Shire’s towns.

“We’re also pleased to allocate $255,000 to our various grants programs, including Community Grants, community planning township allocations, facade improvements, facilities, environment, and events and festivals.”

The budget includes $60,000 for an emergency recovery review.

“Fire recovery has been a significant consideration and will continue to be in the next financial year,” Cr Beard said.

“The State and Commonwealth governments will provide natural disaster relief and recovery funding so Council’s budget allocations can focus on providing the services that come under local government responsibility,” Cr Beard said.

Cr Beard said Council received seven submissions to the budget during the statutory notice period.

“Three of the submitters chose to present their cases to a committee of the whole Council on 5 June and two of them made deputations at the Special Council Meeting last night,” Cr Beard said.

“I want to thank everyone who made a submission and got involved in the budget process.”

Download a copy of the budget here, or collect a hard copy from the Civic Centre at 181 Manifold Street, Camperdown.