Rate rises approved for Ballina Shire and Kyogle councils
RATE rises have been approved for Ballina Shire and Kyogle councils.
The Independent Pricing and Regulatory Tribunal yesterday announced it had approved applications from the two councils to increase rates above the rate peg limit from July 1.
Ballina Shire Council will have two consecutive increases of 5.41% (2015-16) and 5.34% (2016-17).
It will generate an additional $1.6 million to redevelop the Ballina and Alstonville swimming pools.
"Based on the council's application, average residential rates would increase by $43 in 2015-16, business rates by $141, and farmland rates by $68," IPART chairman Peter Boxall said.
Kyogle Council has received approval for five consecutive increases of 12.43% (2015-16), 5.43% (2016-17), 5.43% (2017-18), 5.44% (2018-19) and 5.44% (2019-20).
This will generate an extra $11 million over 10 years to enhance financial sustainability and improve roads, bridges and stormwater management.
Average residential rates would increase by $129 in 2015-16, business rates by $181 and farmland rates by $144.