WOLLONGONG City Council will increase rates by 3.4 per cent to help fund $73.4 million in capital works over the next 12 months.
Council confirmed the second year of its five year Delivery Program through its Annual Plan for 2013/14. Council adopted the plan, including the Budget and Capital Budget 2013/14 at its meeting on June 24.
Council also set is rates and charges for the financial year.
Council has adopted a 3.4 per cent rate increase for the coming financial year. This increase is in line with the rate pegging limit set by the Independent Pricing and Regulatory Tribunal.
Under the annual plan, Council’s fees and charges overall are set to increase by 3.28 per cent for 2013/14.
Wollongong City Lord Mayor Gordon Bradbery said the Delivery Program, Annual Plan and Budgets represent a Council that is funding a major amount of works in the city.
“We are planning for a Capital Works budget of $73.4 million over the next 12 months,” he said.
The works include the continuation of the Crown Street Mall refurbishment and major works associated with the West Dapto Access Strategy.
Council has applied for a proposed $4.3 million loan under the Local Infrastructure Renewal Scheme to support a $5.5 million program of works for the renewal and upgrade of significant community assets in Corrimal and Thirroul.
In addition works are about to begin on a new landfill cell at Whytes Gully to cater for the city’s waste.
“Council has also received a $4.2 million grant contribution to the $8.2 million program of works on the Blue Mile foreshore walk, from the North Beach Bathers to the CityBeach.
“This capital works program will see a significant amount of works in areas such as roads, footpaths and shared pathways, stormwater and floodplain management, our parks, gardens and sports fields, beaches, pools, libraries, and other wonderful facilities that we offer our community members, the Lord Mayor said.