Ratepayers across the Goulburn Valley could be facing a rate increase of up to 3.5 per cent after the Victorian Government announced local councils would be allowed to lift rates by that amount for the 2023-24 financial year.
The government announced the rate hike limit after receiving advice from the Essential Services Commission. It is the maximum amount by which a council can increase general rates and municipal charges, although councils can apply for an exemption.
“The rate cap for the next financial year takes into account higher inflation and the need to protect Victorians from uncontrolled rate hikes, while ensuring councils can continue to deliver vital community services,” Local Government Minister Melissa Horne said.
“Each council is responsible for setting rates within the rate cap based on the needs of their community.”