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The NSW communities about to be hit with a rate rise

Residents on the Central Coast, Cumberland City, Hunter’s Hill, Kyogle and Snowy Valleys will see changes to rates following IPART’s approval of applications. Central Coast residents will be slugged with an extension of the current temporary 15.0 per cent increase until 2031 in an effort to repay $150 million in emergency loans and secure the council’s ongoing financial sustainability.Cumberland Council was successful in its approval of a minimum rate rise to $715 in 2022-23, $785 in 2023-24 and $860 in 2024‑2025 in an effort to harmonise rates. In Hunter’s Hill a special variation will result in a permanent increase of 16.9 per cent in 2022-23 and 7.8 per cent in 2023-24 for residential and business ratepayers.Kyogle residents will see a permanent 2.5 per cent increase in 2022-23, applied across residential, business and farmland ratepayers.While residents in the Snowy Valleys will see an increase of 15.7 per cent in 2022-23 and 17.5 per cent in 2023-24.IPART chair Carmel Donnelly said the submissions of ratepayers when considering its decision.“We considered community concerns along with the councils’ demonstrated need for additional revenue to ensure financial sustainability and service provision,” she said. “The councils were required to consult with the community, establish that the impact on ratepayers is affordable, and make productivity and cost savings.“The conditions for Central Coast and Hunter’s Hill Councils’ special variation approvals require them to spend the additional income on the specific purposes outlined in each of their applications.”Central Coast, Hunter’s Hill and Snowy Valleys Councils are also required to report to the community about how their additional revenues are spent.

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