AlburyCity Council General Manager Frank Zaknich, is the Chamber’s guest speaker for its May Business Before Hour’s on the 12th May, 7.30am at Granada’s on Dean. Mr Zaknick will speak to members about AlburyCity’s draft budget which is currently out for community consultation until Friday the 29th May 2015. Includes time for Q&A.
The draft budget proposes spending $12.4M on water and sewer projects, $7.6M on roads, drains, bridges and footpaths and $4M on the NEXUS Industrial Precinct Stage 1 subdivision. There’s also $5M in proposed grant funded works towards construction of two south facing ramps and two roundabouts at the intersection of Davey Road and the Hume Freeway.
There’s just over $1M proposed in sponsorship and financial assistance to local community groups, with an additional $500K from Council’s Community Fund for local organisations to develop their facilities.
The draft budget proposes a 2.4%.general rate increase (State Government rate peg), as well as increases in domestic waste, water and sewer charges. When combined, the total increase for the average residential property is an additional $207 or 8.6% per year, equivalent to $3.99 per week. However, customers who’ve used a green waste bin during the past year will pay less, an additional $129 or 5.2% per year which is equivalent to $2.48 per week.
AlburyCity General Manager, Frank Zaknich says while Council had projected a surplus for 2015-16, the break-even result is still a positive outcome, given the reduction in budgeted Federal Government Financial Assistance Grants, less than expected income and the increasing costs of employment, contracts and materials.