The State Government has pulled the plug on IPART delving into the sustainability of NSW’s 128 Councils. It comes four days after the closing date for public comments on the draft terms of reference for the review. Premier Minns told the Independent Pricing and Regulatory Tribunal (IPART) the reason was to avoid unnecessary duplication - ".....as the matter was now being … [Read more...] about Thanks but no thanks – IPART loses review
IPART
Council forecasts future deficits
Wants to keep the rate hike due to expire in 2031 Council-under-administration has flagged a growing gap between recurring income and expenditure. In its long term financial plan, which estimates the growth in income and expenditure for the next ten years, a deficit kicks in in 2026-27. The size of the deficit changes depending on four scenarios. But the one scenario … [Read more...] about Council forecasts future deficits
CEO v Resident on due process
CEO David Farmer has outlined in a four page letter to IPART that he supports a change in methodology for rate pegging. "Overall, the proposed changes are a step in the right direction towards allowing councils to adequately increase their income from rates to support the increases in costs to provide services to the community," Mr Farmer said. "The proposed changes to the … [Read more...] about CEO v Resident on due process
IPART looks at new rate peg options
Councils should spend on “needs” rather than “wants” suggested a speaker at the IPART public meeting into rate pegging on Tuesday, July 18. It was a concept quickly applauded by others who agreed that Council prioritisation was an issue across the State. A three hour zoom meeting on Tuesday, July 18, held by the Independent Pricing and Regulatory Tribunal (IPART) to discuss its … [Read more...] about IPART looks at new rate peg options
October 31 Extraordinary meeting: IPART deadline
Water and Sewer Delivery Plan 2022-2026 Back in May of this year, IPART gave Central Coast Council approval to increase water rates for typical water bills by about: $183 (17%) in 2022-23; $80 (6%) in 2023-24, plus inflation $106 (8%) in 2024-25 plus inflation and $9 (1%) in 2025-26, plus inflation. IPART also recommended that Central Coast Council’s Water and … [Read more...] about October 31 Extraordinary meeting: IPART deadline
