Glen Innes Severn Council will contemplate a permanent 68% rate rise over three years at today’s Council meeting in an effort to make council financially sustainable.
Council is considering 4 scenarios with three of those options having a significant special rate variation aimed at achieving Council’s objective of being financially sustainable by 2028/29, with ongoing surpluses for the remainder of their Long Term Financial Plan forecast period.
Two of the options have a permanent special rate variation of 55.49% and 61.75% respectively over two years while the while the third option, and Council’s preferred option, is a special rate variation of 68.5%.
Council state in their business papers that the long term financial forecast indicates without an increase in rates, Council faces deficits of approximately $4.7 million from 2025/2026.
A final decision will be made at Council’s June 19 meeting
