City of Mandurah: Council approve annual budget and rate increase of nearly four per cent for 2024-25
Mandurah residents will have to cough up an extra $65 on average for rates bills after the City of Mandurah council approved a rise of almost 4 per cent.
At Tuesday night’s council meeting, councillors approved the annual budget, which included a 3.98 per cent increase in rates for the 2024-25 financial year.
The city is estimated to generate $98.8 million in rates revenue from the rise, more than 68 per cent of total operating revenue.
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The rates are expected to help pay for the city’s major capital projects works over 2024-25 including completing the Dawesville Community Centre, and upgrades to the Coodanup and Dawesville foreshores.
The approved rates come as the annual budget estimates a deficit of $449,343 with city officers required to find savings to achieve a balanced budget by June 30, 2025.
An efficiency target of $250,000 has also been included in the budget, requiring officers to reduce city costs by that much throughout the year.
The budget includes $39.82 million in capital expenditure.