Water rates will rise on the Central Coast by 17 per cent* from today.
Ordinary rates will rise by 1 per cent.
Fees and charges also go up from today.
There is no common increase; but a couple of large increases stick out.
These include new charging rates for charities taking rubbish to the dumps which has increased three-fold.
Thanks to those rates and charges, Council expects to receive $597.7M in Operating Income and is planning to spend $587.9M in Operating Expenditure.
By the end of this financial year Council is forecasting a $9.8M Net Operating Result (excluding Capital Grants and Contributions) and to receive $75.9M in Capital Grants and Contributions.
For the previous financial year, which finished yesterday, Council was expecting a budget surplus of $40M or better for its net operating result, according to statements made at the June 28 meeting.
*The water rate increases for the next three years are already locked in: next year the increase will be 6 per cent plus inflation; in 2024 it will be 8 per cent plus inflation and finally in 2025 it will be 1 per cent plus inflation.
