The City of Subiaco’s 2017–18 budget, which has been adopted by council, incorporates the last of the transitional changes the city has had to make as a consequence of the City of Perth Act, which brought about a $4.3 million reduction in the city’s revenue. This year, we have been able to keep the average rate increase to 2.5 per cent and there has been a waste charge reduction of $56 for most residential properties.
Over the next twelve months, we will focus on building a sustainable future for our city, while keeping the community’s wellbeing at the core of our endeavours. As well as funding the city’s services and facilities, the budget covers the following key capital projects:
- $2.6 million for road improvements
- $1.4 million for Lake Jualbup upgrade
- $1.9 million for other parks and reserves
- $600,000 for footpath, laneway and lighting improvements.
The city is fortunate to have a significant property investment portfolio, revenue from which is used for the maintenance and renewal of our assets. We continue to work on strategies to improve this revenue and, in turn, ensure the financial sustainability of the organisation now and into the future.
For more information on the budget and how rates are calculated, visit the 2017–18 budget page or download the 2017–18 budget brochure, which accompanies this year’s rates notice. For details on gross rental value (GRV), download this Landgate document and for the full budget, visit our reports and corporate documents page.