Mosman secures Special Rate Variation

19 May 2015

Mosman Council has been successful in its application to the Independent Pricing and Regulatory Tribunal (IPART) for a 13% Special Rate Variation in 2015/16.

Given an expiring 5% Community Environmental Contract (environmental levy) and the 2.4% rate peg for inflation previously announced by IPART, this means that in real terms there will be a 5.6% increase on current rates.

This will enable Council to improve asset renewal and maintenance and to clear its infrastructure backlog over the next 10 years without any reduction in the current level of council services.

Mosman’s infrastructure backlog of $8.6 million will be cleared over the next decade during which time more than $20 million in additional spending will also be allocated to local assets.

“We put a strong case to IPART which was supported by our residents and IPART’s approval is an excellent result for Mosman,” said Mayor Peter Abelson.

“Our community sees the value in providing local infrastructure that is reliable and well maintained and with this special variation we are well placed to keep delivering a high standard of service to our community.”

Cr Abelson said that this will provide the basis for an independent financially sustainable council over the coming years and support Council’s resolution to lodge a “Council Improvement Proposal (Existing structure)” as our “Fit for the Future” submission to IPART, which will also be acting as the NSW Government’s Expert Advisory Panel.

“We will be able to deliver operating surpluses and meet all of the financial benchmarks set by the State Government as part of its Fit for the Future agenda,” he said.

“We plan to put a compelling case to IPART demonstrating that we are most definitely ‘fit’ and able to deliver a model of local governance superior to the mega-merger put forward by the Independent Local Government Review Panel.

“As well as demonstrating that a Council our size can consistently provide the services that our ratepayers want, we can show that we are absolutely sustainable from a financial perspective.”