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Rating Strategy Consultation

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At its meeting on 23 November, Council endorsed the Rating Strategy Propositions Paper for community consultation. Submissions on the proposed Rating Strategy Propositions Paper are open from Wednesday 24 November to 5pm, Wednesday 15 December, 2021.

Blue graphic that reads Rating Strategy Consultation Have Your Say

About

About: 

As part of the Local Government Act 2020 (the Act), Council is required to adopt a four-year Revenue and Rating Plan, which was adopted in June 2021, however the Act allows the rating strategy to be reviewed and updated at any time.

In August 2021, Council commenced a review of its rating strategy and considered 22 different options with the aim to develop a strategy where the financial burden is shared equitably amongst ratepayers.

Previously, the most recent rating strategy review took place in 2019/20 and Council made the following key changes effective from 1 July 2020:

  • Removal of growth differentials from all rating categories
  • Establishing separate farm differentials for broadacre, intensive and small farms
  • Increase business property differential rate to 120% for Bannockburn

At its meeting on 23 November, Council endorsed the Rating Strategy Propositions Paper for community consultation. The Paper features two rating options for consideration:

Option 1:

  • Increase the Business Bannockburn differential from 120% to 130%;
  • Increase the Vacant Land (Non-Farm) differential from 200% to 220%;
  • Decrease the Municipal Charge from $310.60 to $250; and
  • Retain the status quo for the other differential rates.

Option 2:

  • Increase the Business Bannockburn differential from 120% to 130%;
  • Increase the Vacant Land (Non-Farm) differential from 200% to 220%;
  • Increase the Farm Broadacre differential from 85% to 90%;
  • Increase the Farm Intensive differential from 90% to 95%;
  • Decrease the Municipal Charge from $310.60 to $250; and
  • Retain the status quo for the other differential rates.

Read the Rating Strategy Propositions Paper

The proposed rating options in the Rating Strategy Propositions Paper redistribute the financial burden amongst ratepayers. The options do not reduce the revenue collected as rates, reduce Council’s budget, or negatively impact the delivery of the Council Plan 2021-2025.

The November 2021 Rating Strategy has been prepared in accordance with the Local Government Act 2020, Local Government Amendment (Fair Go Rates) Act 2015, Local Government (Planning and Reporting) Regulations 2020, Australian Accounting Standards and other mandatory professional reporting requirements. Financial sustainability is monitored by considering the financial result for the period and key financial indicators within Council’s Annual Budget and Long-Term Financial Plan.

How you can be involved

How You Can Be Involved: 

Submissions on the proposed Rating Strategy Propositions Paper are open from Wednesday 24 November to 5pm, Wednesday 15 December, 2021. Councillors will hold a series of Conversation Posts across the Shire on the Rating Strategy Consultation and all residents are welcome:

  • 10am to 11am, Saturday 4 December: Golden Plains Farmers’ Market, 22 Byron Street, Bannockburn
  • 10 to 11am, Sunday 5 December: Town Green, Glenelg Highway, Smythesdale
  • 7 to 8pm, Monday 6 December: Soldiers Memorial Hall, 14 Swamp Road, Dereel
  • 3 to 4pm, Tuesday 7 December: Yerram Yaluk Bun, East Street, Inverleigh
  • 7 to 8pm, Wednesday 8 December: Pioneer Park, Wilson Street, Meredith
  • 6 to 8pm, Tuesday 14 December: Online Engagement Session

The Rating Strategy Options Survey can be completed online, or hard copies of the survey are available at Council’s Customer Service Centres, 2 Pope Street, Bannockburn or The Well, 19 Heales Street, Smythesdale.

Complete the survey

Completed paper submissions may be returned:

  • By email to [email protected];
  • By mail to Golden Plains Shire Council, PO Box 111, Bannockburn, VIC, 3331, marked ‘Attention: Rating Strategy Options; or
  • By hand to a Council Customer Service Centre.

Submitters may request to make a verbal submission on the Rating Strategy Propositions Paper at the Council Meeting on Tuesday 21 December, 2021. Council will consider the feedback and adoption of a rating strategy option at its meeting on 22 February 2021.

What Happens Next

What Happens Next: 

Submitters may request to make a verbal submission on the Rating Strategy Propositions Paper at the Council Meeting on Tuesday 21 December, 2021. Council will consider the feedback and adoption of a rating strategy option at its meeting on 22 February 2021.

Timeline

24 November 2021 - Submissions open

4 December 2021 - Councillor Conversation Post: Golden Plains Farmers’ Market, 22 Byron Street, Bannockburn

5 December 2021 - Councillor Conversation Post: Town Green, Glenelg Highway, Smythesdale

6 December 2021 - Councillor Conversation Post: Soldiers Memorial Hall, 14 Swamp Road, Dereel

7 December 2021 - Councillor Conversation Post: Yerram Yaluk Bun, East Street, Inverleigh

8 December 2021 - Councillor Conversation Post: Pioneer Park, Wilson Street, Meredith

14 December 2021 - Online Councillor Conversation Post

15 December 2021 - Submission close

21 December 2021 - Verbal submissions made at December Council Meeting 

22 February 2022 - Council to consider the feedback and adoption of a rating strategy option at February meeting

 

Contact Information

Fiona Rae
Manager Finance
5220 7111
Project Category: 
Council Plan and Budget
Last Updated: 
Wednesday, November 24, 2021
Project Status: 
Current Project
Council is seeking feedback on its Rating Strategy Propositions Paper.

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Council acknowledges the traditional Wadawurrung owners of this land. Council pays its respects to Wadawurrung Elders both past and present and extends that respect to all Aboriginal and Torres Strait Islander People who are part of Golden Plains Shire.