Budget confirms solid financial position

Published on 28 June 2022

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Moyne Shire Council’s 2022/23 Budget confirms Council is in a solid financial position with minimal debt and strong cash reserves.

Councillors adopted the $53.4 million operating budget at a Special Meeting on Tuesday.

It delivers a $17.9 Million capital works program, with a strong focus on asset renewal – with more than $9 million to be spent improving Council’s local road network.

The Budget includes a 1.75 per cent rise in rates and charges in line with the state government cap, has an operating surplus of $830,000 and shows Council has cash and investments totaling $9.2 million.

Mayor Cr Ian Smith said the Budget was well balanced and ensured Council remained in a strong financial position. 

“This budget, despite the challenges of rate capping, ensure we are maintaining and enhancing our services that range from early childhood through to parks and community spaces,” Cr Smith said.

“We know the condition of roads is a key issue for residents, so more than $9 million will be spent improving the more than 3000 kilometers of roads Council has responsibility for.

“We’ve also provided extra resources to deliver a backlog of capital projects and an increase in forecast projects for the coming year thanks to a significant increase in government grants.”

“It’s a responsible budget that delivers important projects and services for the community, but also ensures Council remains in a favorable financial position.” 

 

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