23.8 C
Byron Shire
February 5, 2023

6.35% Special Rate Variation on the table for Tweed Shire residents

Latest News

Swivel by name, drivel by nature

The lack of authenticity of Byron Councillor, Mark Swivel, does not come as a surprise from this side of...

Other News

Cheeky Cabaret returns!

Following the Cheeky season is some incredible live music, including Ella Hooper: Small Town Temple tour, Libby O’Donovan – cabaret singer extraordinaire, Stella Donnelly: Flood Australian tour, Liz Stringer and William Crighton co-headlining in a powerhouse performance, and the house is thrilled to announce the fabulous Tim Rogers & The Twin Set coming in April.

Calls to extend temporary accommodation for flood insured

The one-year limit on temporary accommodation provided by some insurance companies to people whose homes went under in the flood must be extended.

Ahana Candles

Victoria Cosford Many years ago, Marianni had a dream in which a golden liquid was pouring over her hands. She...

Environment law fails to protect threatened species

A University of Queensland finding says that the federal environmental laws are failing to mitigate against Australia’s extinction crisis.

Mandy Nolan’s Soapbox: Have your Perfect Say

We live in a community where there is nowhere to live and the whole world is watching what we do next, wondering if we will do what their superstar tourist destinations did and regulate the housing market

A smorgasbord of flicks

This year’s smorgasbord of over 40 incredible short films are handpicked from a record 3,200 entries received for Flickerfest’s Academy® and BAFTA Qualifying short-film festival screened recently in Bondi, and Northern Rivers audiences are the first in Australia to experience the best of Flickerfest on tour. Highlights enjoying their Northern Rivers premiere include recent Academy® nominees and much-loved festival award winners alongside exciting, fresh, local talent.

Tweed Shire Councillors will be facing the decision of whether to apply for an increase to rates, above the standard, for Tweed Shire rate payers at their next council meeting on Thursday, 16 February. 

The proposal is for Council to seek to apply for a 2.35 per cent rise in general rates in addition to the 4 per cent rate rise approved for the Tweed by the Independent Pricing and Regulatory Tribunal (IPART) – an independent body that determines the level of rates able to be collected by councils across NSW.

According to Tweed Council’s General Manager Troy Green, ‘this would allow Council to increase its rates revenue by 6.35 per cent for the 2023/24 year.’

‘While Council was in a good financial position at the start of this financial year, there are some challenges ahead, with an inflationary environment for goods and services, wage increases, insurance premiums increases and an unprecedented growth in development applications,’ Mr Green said.

‘We are also facing increased information technology costs as we must retire our on-premises corporate system and move to a cloud-hosted software solution along with further investment in our cyber security monitoring to protect our network and our data.

‘Unfortunately, if we are to maintain our current level of services, we have no alternative but to apply for a Special Rate Variation (SRV) to our general rate levy ahead of our next Budget cycle,’ he said.

Vote against

Tweed Councillors voted against a SRV last year ‘to help lighten the burden on Tweed ratepayers in the aftermath of the COVID-19 pandemic and associated border closures,’ states the press release. 

New land valuations

Rates are assessed on a rate in the dollar of the land value supplied by the NSW Valuer-General, under an independent process undertaken every three to four years.

The most recent valuations have just been released and are based on land values across NSW as of July 2021 – when the local market was at its peak as a result of COVID-19.

Mr Green said it would be difficult to determine the exact impact these new valuations would have on individual ratepayers.

‘Until we have processed the new land valuations through our rates system, it’s difficult for us to estimate the individual rates costs for property owners,’ he said.

‘But it is important to note the increase in land valuations does not have any impact on the total amount of rates revenue Council is permitted to raise.

‘If we are successful in our Special Rate Variation application through IPART, the Tweed will be permitted to increase our rates by a total of 6.35 per cent in 2023/24 – regardless of the increase in land valuations across the Shire.

‘This doesn’t mean every ordinary and special rate will increase by 6.35 per cent. Some people will find their rates increase by less than this, while others will see a higher percentage rise in their ordinary and special rates – but overall Council cannot increase rates revenue above this level.’

To find out more about how your rates are calculated, including an easy-to-understand video on the issue, visit tweed.nsw.gov.au/property-rates/rates-charges/rates-explained.

To have your say on the proposed Special Rate Variation and to see what the impact of the SRV will be to ratepayers, visit yoursaytweed.com.au/srv.


Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Land values rise

Your cover story on 25 January claims that land valuation rises could herald increases in Council rates. This is potentially misleading. A council’s total...

Go Thistles!

Lismore Thistles Soccer Club has launched the Thistles Acceleration Program, in the process becoming the city’s only player development academy. 

Pothole protest gets immediate results

Psst: want to get Council staff to do something about the appalling state of roads in your neighbourhood? Organise a protest outside Mullum’s Council Chambers! By...

What’s Love Got to Do with It?

Art imitates life in What’s Love Got to Do with It? a 2022 British romantic comedy-drama film directed by Shekhar Kapur, from a screenplay by Jemima Khan.  The precis reads: ‘Set between London and Lahore, a filmmaker documents her childhood friend and neighbour’s arranged marriage to a bride from Pakistan.’