Ballina rates may rise by 5.9%
A RATE rise of 5.9% could be on the cards for residents of the Ballina Shire next financial year (2013/14).
At this week's finance committee meeting, councillors voted to support the recommended rating structure.
But the decision still needs to be formalised at the council's ordinary meeting and it will be publicly exhibited as part of the Draft Operational Plan.
It would mean that a resident with land worth $200,000 will pay an extra $40 in rates, or a total of $742 a year.
Owners of land valued at $1 million would pay an extra $110.
Council staff in their report said Ballina still had low rates when compared to other councils in the surrounding areas.
Staff did not recommend seeking a special variation to the rate income, given that panel members of the Independent Review into Local Government have stated that they are aware of the impacts rate pegging is having on infrastructure delivery and renewal.
"It is hoped that councils will be provided with greater autonomy in respect to determining their rate income levels as part of the review," the council report states.
A rate increase of 5.9% would give Ballina council an increase in revenue of just over $1 million.
A total of 20% of the rate income will be sourced from business category properties.
Meanwhile the council says it is owed about $500,000 in unpaid rates.