Gold Coast delivers low rates for fifth straight year

24 June 2016

City of Gold Coast has today announced the lowest annual rate increase of any south east Queensland council – adding to five consecutive years of low rate increases.

“In 2012, I made the commitment that rate increases must remain at, or below CPI, and today we have again delivered,’’ said Mayor Tom Tate.

“The average residential rates and charges will increase 1.69 per cent in 2016-17.

“We have done this without any special levies to fund the upcoming Gold Coast 2018 Commonwealth Games or stage one of the cultural precinct which is now underway.

“Residents and business will also welcome news that in 2016-17, there will be no increase in sewerage or water service charges as well as zero increase in Council’s water consumption charges.

“This is a budget formed as a direct response to what people are telling me: keep rates low, maintain frontline services and put an end to spiralling water charges.’’

Mayor Tate applauded Councillors and the administration for “showing the type of budget restraint Gold Coasters expect’’.

Other highlights include:

  • Paying down $42 million debt (in 2012, Council’s debt was $808 million. At the end of the 2016-17 financial year, it will be $690.6 million);
  • Zero increase to the Open Space levy (remains at $38);
  • Zero increase to the Recreational Space charge (remains at $29);
  • Maintained city-wide Volunteer Fire Brigade charge ($2); and
  • Early payment discount retained (10 per cent if rates paid on time).

“We have increased the Transport Levy by $6 (up 5.13 per cent) to fund additional congestion busting initiatives (including parking) to make it easier to get around our city,’’ he said.

“This will help fund stage two of the light rail and allow us to investigate final route options for stage three, all the way to the airport.

“But the message is clear today – a 1.69 per cent average residential rate and charges increase - the lowest in south east Queensland and no loss of frontline services.’’

For budget details, go to: cityofgoldcoast.com.au/budget

Birds eye shot of the gold coast beaches and skyline.