Special Rate Variation UpdatePosted Thursday 19 February 2015
At its meeting on 3 February 2015 Council resolved to proceed with an application to the Independent Pricing and Regulatory Tribunal (IPART) for a Special Rate Variation of 13% including the rate peg of 2.4% in 2015/16. This will be a single year increase to be retained permanently in the rate base.
Council’s decision follows exhibition of its draft Long Term Financial Plan and revised Delivery Program and earlier community engagement on rating options in late 2014.
The Special Rate Variation takes into account the expiring 5% Community Environmental Contract and the 2.4% rate peg by IPART in December 2014.
Mosman Council’s Special Rate Variation Application has now been submitted to IPART for consideration. IPART will receive public submissions on the application until 16 March 2015 and is expected to announce its determination of the application by 19 May 2015.