It is resolved that Council:
(A)
apply to the Minister for Local Government, through her
delegate the Independent Pricing and Regulatory Tribunal, to vary its general
rate income by a permanent special variation for 2022/23 of 2.5 per cent, as
allowed under section 508(2) of the Local Government Act 1993;
(B)
note that a 2.5 per cent rate variation will generate a
total of approximately $8 million in additional rate income each year, an
additional $3.5 million (1.1 per cent) each year above the $4.5 million (1.4
per cent) increase already approved by the Independent Pricing and Regulatory
Tribunal;
(C)
note the special variation is required for the City to meet
its obligations set for 2022/23, and in future years within the 2021/22
Integrated Planning and Reporting documents; and
(D)
has considered that the impact on ratepayers and the
community, if the special variation is approved in 2022/23 and for future
years, is reasonable.
Carried unanimously.
X086740