Budget at a glance
This financial year, Council has endorsed a 7.88% decrease in rates, or $3.7 million, and freezes the majority of fees and charges.
This will result in most residential and business ratepayers paying the same or less than last year.
To achieve the reduction, Council agreed to draw on reserve funds to deliver a number of initiatives and capital works projects whilst also reducing some budgets for professional services.
Whilst it was important not to increase total rates revenue from last year, Council recognised the importance of maintaining the delivery of services our community deserves, and committing to a significant capital works program to stimulate the local economy.
Additionally, this year saw a revaluation of gross rental values (GRV) by the WA Valuer General. A general reduction in GRVs across Perth means some ratepayers will see a decrease in rates payable, while others would see an increase. The decision to reduce total rates revenue will help offset those negatively impacted by increases in their GRV.