2020/21 Budget Update - Rates setting for comment

Published on Thursday, 18 June 2020 at 12:00:00 PM

The City of Vincent is seeking your views on the way in which rates for the 2020/21 financial year will be set. Consultation runs until 17 July 2020.

To assist our ratepayers residents and businesses to comment, we have provided a range of additional information and are seeking your comments online at www.imagine.vincent.wa.gov.au

Rates setting for 2020/21 is happening under a very challenging set of circumstances.

The impacts of COVID-19 have hit our local businesses hard and many people in our community are dealing with hardship as a result of the dramatic economic downturn. The City of Vincent’s financial position has also been impacted, with a forecast drop in revenue of $10milllion in 2020/21.

We must also implement the triennial Gross Rental Valuations (GRV) revaluation, undertaken by the Valuer General on behalf of the State Government. We asked that this be put on hold to allow for a simple rates freeze for all individual ratepayers. But we accept that the revaluation is going ahead and are seeking to deal with this as effectively as possible.

Despite the challenges, we remain committed to a zero increase in total rates revenue and a zero increase in fees and charges and we remain one of the lowest rating Councils in the metropolitan area.

New hardship provisions and payment options are also being introduced to help.

This includes Rates Smoothing – payment of rates in weekly, fortnightly or monthly payments – for all ratepayers as well as zero interest on outstanding rates and some financial assistance for those in greatest need.

We will continue to keep you updated as we develop the 2020/21 budget.

Thank you for your feedback and input.

Best wishes,

Emma Cole, Vincent Mayor

Imagine Vincent - 2020/2021 Rates Setting

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