Community Feedback- Rating Strategy
Rating Strategy Feedback:
The proposed rating strategy (see below) for ratepayer and community stakeholder feedback is to inform the drafting of the Town’s revised long-term financial plan and in turn the 2024-2025 annual budget.
It seeks to establish a dedicated approach towards partially funding the Town’s forward new capital works program.
Feedback sought through online engagement, in-person workshops and direct communications to major ratepayers, will be collated and presented to Council as part of planned budget preparation workshops ahead of the intended regulatory requirements for local public notice of the intention to levy differential rating planned for May 2024.
FINANCIAL AND RESOURCE IMPLICATIONS
The strategic outcomes being considered are:
- The current approach to rating becomes the base model for apportioning the Towns annual rating requirements
- That new developments which become rateable and grow the Town’s capacity to raise rates revenue, within the:
- Boodarie Strategic Industrial Area
- Lumsden Point
- Both new developments in Wedgefield (Hedland Junction) and Kingsford Smith Business Park, and
- New major UV mining
Their rating revenues be directed towards funding the Towns forward new capital works program requirements via the Strategic Reserve.
Please see the DRAFT Rating Strategy below for review:
https://www.porthedland.wa.gov.au/documents/4271/draft-rating-strategy-2024
Have your say below: