Murray Shire’s 2014-15 Budget will be considered by councillors at a meeting tomorrow in Mathoura.June 16, 2014 3:02am
Murray Shire’s 2014-15 Budget will be considered by councillors at a meeting tomorrow
Shire general manager Margot Stork said the NSW Government has pegged the general rate increase for the 2014-15 financial year at 2.3 per cent, compared to 3.4 per cent in 2013-14.
She also said the capital works program, if adopted, was expected to be $7.6 million.
‘‘Of the funding required, $3.6 million will come from council operations, $1.3 million from external grants and contributions, $1 million from the sale of assets and $1.4 million from reserves.’’
Ms Stork said the Budget was influenced by external factors, including estimated wage growth of 3.25 per cent next year and decreasing interest rates with a cash rate of 2.5 per cent.
She said building repair works, recent damage to two timber bridges and the review of the Local Environment Plan had also had an impact on the Budget.
‘‘The development of the Budget is based on a number of principles, key of which are balancing the Budget, obtaining an operating surplus result and evaluating our operating result before capital income balance,’’ she said.
Ms Stork said the Federal Budget, which was handed down in May, has also impacted on Murray Shire Budget calculations.
‘‘That Budget included a proposed freeze on the indexation of the Financial Assistance Grant to local government for a period of three years,’’ she said.
‘‘The effect of that freeze is a decrease in Federal funding of approximately $100,000 in the 2014-15 Budget.’’
She said councillors would need to consider the funding loss as part of their Budget deliberations tomorrow.
Over a three-year period, the effect of the freeze would be a loss of income of about $420,000 for Murray Shire.
Mayor Tom Weyrich said the shire would, over coming months, lobby the Federal Government for a more equitable grant to council than that which will be received if the Federal Budget measures are adopted.
He said the freeze would have a significant impact on the shire’s ability to meet community needs and expectations.
A SBS documentary examining Shepparton's issues, such as high youth unemployment, drug use, school retention rates and poverty, will screen on Tuesday.
The Yarrawonga Pigeons have secured a vital win over Wangaratta Magpies at JC Lowe Oval in Yarrawonga.
On Wednesday, April 22, 11 walkers from Shepparton Adventure Club travelled to Strathmerton then on to Ulupna Island.
Police are investigating an armed robbery at a Moama storage facility last night.
A Rochester woman who stole more than $250 worth of money, cigarettes and food from her workplace of four years has been convicted and fined $500, plus court costs.
The final 25 players have been chosen to represent the Goulburn Valley Football League in their quest to regain the number one football ranking in country Victoria.
A 640 000 bird proposal finally gets the green light from Strathbogie Shire Council.
Record cattle prices were recorded at the Finley Saleyards on Friday
People in rural and remote areas are significantly over-represented in the number of deaths and serious injuries on our roads.
Barooga will host an information forum on the National Disability Insurance Scheme on Tuesday night.
The Deniliquin Rodeo Arena was in full swing for the recent Deniliquin Classic Barrel Race.
GrainCorp has announced an investment of $50 million to increase oilseed crushing capacity and efficiency at its Numurkah facility in Victoria.
Mark Soyer represented Australia at the 2015 IPC Alpine Skiing World Championships in Canada.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.