Published on Monday, 10 August 2020 at 10:00:00 AM
Dear Vincent community,
In a short space of time, we have experienced significant challenge and change as we focus on our health during COVID-19.
Together we have faced the public health challenge with resolve, as the economic impact of the pandemic unfolds.
Local businesses have been on the economic frontline, with many closing their doors and reducing operations. Friends and neighbours have experienced job loss and hardship.
Vincent has seen the heaviest decline in revenue in our history. $3.8 million was lost in the last quarter of 2019/20 and a further $10 million loss is forecast this year.
As we confront this difficult financial situation, support for our community remains critical.
This budget delivers an overall reduction in rates revenue and a zero increase in fees and charges. And for the first time, you can use Rates Smoothing to pay your rates weekly, fortnightly or monthly.
Support for those in need is here with a new financial hardship fund, $1 million in special-purpose charitable grants and relief for our arts industry through developer contributions.
High quality core services remain, whilst community priorities stay at the forefront - more trees, cost-saving solar energy and engaging with you on the October 2021 FOGO three bin system roll out.
We’re backing economic rebound with priority capital works, town centre improvements and red tape relief for local businesses adapting to new ways of working.
This year, the Valuer General’s Gross Rental Valuations (GRV) revaluation must be applied to rates by local governments. This adds volatility to individual residential rates, despite the reduction in overall rates. We’re tackling this head on with financial hardship measures to help.
In the face of this, Vincent rates remain low. Last year, we ranked the fourth lowest average rate in comparison to 29 metropolitan Councils.
The support and spirit shown in our community has been outstanding. My Council colleagues and I are so thankful to be of service to our Vincent community.
Emma Cole, Vincent Mayor
More information
The full 2020-21 Budget Newsletter can be viewed below.
2020-21 Budget Newsletter
2020-21 Budget & Rates Information
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