Moonee Valley City Council last night adopted its 2019/20 Annual Budget which features a $64.7 million capital works program – the biggest in Council’s history
This capital works funding will allow us to refresh many ageing facilities and build new ones which will encourage and support people to be more active in their community. Whether it be a new sporting pavilion, road renewal and upgrades or revitalising streetscapes, we want people to be proud of where they live.Mayor, Cr Narelle Sharpe
The Budget includes operating expenditure of $160.9 million and an overall rate increase of 2.5 per cent, in accordance with the State Government cap.
Moonee Valley Mayor, Cr Narelle Sharpe, said the Budget enables Council to continue to provide services and infrastructure that meet the community’s needs, but also invest significantly in capital works.
Highlights of this year’s budget include:
- $28 million to progress the East Keilor Leisure Centre redevelopment
- $2 million to implement a stormwater harvesting and irrigation system at Rosehill Park
- $1.6 million to upgrade playspaces, picnic facilities, pathways and landscaping at Woodlands Park
- $1.2 million to sports field upgrades at Maribyrnong Park
- $1.0 million to renew library books, resources and furniture
- $1.1 million to refreshing the Clocktower Centre including a new co-working space and quiet room
- $745,000 to transform 605-625 Mt Alexander Road into public open space
- $600,000 to design and document a netball, tennis, soccer, cricket and golf pavilion at Fairbairn Park
Cr Sharpe said the impact of the State Government’s rate cap introduced in 2016/2017 has placed significant pressure on Council.
“The challenge for us in the long-term is to find the right balance between continuing to provide the services we do, delivering new capital works projects and maintaining our existing assets which are worth $2.5 billion and need to be protected for future community use,” she said.
To ensure Council’s long-term financial sustainability, the four-year Strategic Resource Plan (SRP) – also adopted by Council last night – aims to save $2.5 million each year in operating costs. These savings would be used to renew our existing community assets.
The 2019/20 rates notices will be mailed to residents in August, with the first instalment due in September.
Any residents who may experience difficulties making their rate payments should call Council on 9243 8888 to discuss support options.