Adopted Council Budget 2017/18
The 2017/18 Budget(PDF, 2MB) enables Council to progress its commitment to make Stonnington an inclusive, healthy, creative, sustainable and smart community. It directs funding to implement the associated initiatives and major initiatives under the Council Plan 2017-2021 key pillars of Community, Environment, Liveability and Economy, and the Strategic Resource Plan.
"Council's Budget is financially responsible and ensures the continued delivery of high quality services and a best practice capital works and infrastructure maintenance program", said Mayor, Cr Klisaris.
The Budget includes a 2.0 per cent increase in the average general rate, as determined by the Minister for Local Government under the State Government’s ‘Fair Go Rates System’. The unit garbage waste minimum service charge will increase by $2, or 0.8%, to cover waste management costs, including the EPA Environmental Landfill Levy. User fee unit prices will increase to achieve a total user fee income increase of 1.6% to ensure users help pay for Council services. These fees and charges seek to balance the demand for high quality services and infrastructure with the community’s capacity to pay and statutory requirements of maintaining cash reserves to fund Council’s restricted assets of statutory reserves (primarily the open space reserve), trust funds and deposits.
Key highlights of the $85.7 million capital works program for 2017/18 include:
- Cato Square development $34.5 million
- Road, footpath & drainage works (excluding Chapel St Masterplan) $9.2 million
- Open space acquisition $5.0 million
- Gardiner Park redevelopment $4.5 million
- Dunlop Pavilion redevelopment $4.4 million
- Prahran Town Hall Masterplan $2.3 million
- Bicycle paths and strategy works and other o\Outdoor extras $2.3 million
- Chapel Street Streetscape Masterplan implementation $2.0 million
- Library air-conditioning $1.1 million
- Yarra River Biodiversity project $1.0 million
- Malvern Valley Golf Course Hub Redevelopment $1.0 million
- Harold Holt Swim Centre Masterplan $0.9 million and pool tiling $0.5 million.
New loan borrowings of $20.0 million are included in the budget to supplement operational cash to fund these significant capital works in 2017/18, as was foreshadowed in the Strategic Resources Plan.
Adopted Budget 2016-2017.pdf(PDF, 2MB)
Adopted Budget 2015-16.pdf(PDF, 3MB)
Adopted Budget 2014-2015.pdf(PDF, 2MB)
Adopted Budget 2013-2014.pdf(PDF, 3MB)