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Campaspe budget open for feedback

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April 20, 2017

Campaspe Shire Council was expected to release its draft 2017-18 budget to the public at its ordinary council meeting last night.

CAMPASPE Shire Council was expected to release its draft 2017-18 budget to the public at its ordinary council meeting last night.

The Victorian Government introduced the ‘fair go’ rate cap last year, capping the 2017-18 rate cap at 2 per cent.

Last month, council adopted its fees and charges for the 2017/18 year, as well as the financial planning principles for the forthcoming 2017/18 budget.

Council endorsed the following seven principles.

■ Utilise the 10-year long term financial planning.

■ Meet core business obligations prior to allocating additional operating projects.

■ Maintain commitment to the Asset Renewal Funding Strategy through considering any available additional funds (surplus or savings) to be assigned to the capital renewal budget.

■ Manage its debt in accordance with established guidelines.

■ Seek to implement a cost recovery model.

■ Hold funds for future implementation of council plans and strategies.

■ Before approving new or upgrade capital projects or the acquisition of new assets, council will analyse and review social impacts, review service plans, and determine whole-of-life costs including impacts to the operational budget and long term financial plan.

Council will hear any submissions on the draft budget at a budget submission hearing meeting at 4pm on Tuesday, May 30 and consider any motion to adopt the budget at a special meeting at 5pm on June 6.

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