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2017–18 budget

Page index

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Council adopted the 201718 budget at an ordinary council meeting on Tuesday 27 June, endorsing a 2.5 per cent rate increase. The increase accounts for the final transitional change that the city has had to make as a result of the City of Perth Act, which brought about a $4.3 million reduction in city revenue.

To offset the loss, a significant organisational restructure – resulting in 50 redundancies – was undertaken, as was a review of our services. This year, a budget deficit of $512,000 is the final amount to be made up following the act. In order to address this deficit and present a balanced budget for 2017–18, the city has kept the average rate increase to 2.5 per cent and there has been a waste charge reduction of $56 for most residential properties.

For more information about the 2017–18 budget and rates, read our budget brochure (right).

Our focus

Over the next twelve months, we will focus on building a sustainable future for our city, while keeping the community’s wellbeing at the core of our endeavours. One of the challenges moving forward is to manage our assets for today and for generations to come.

The city is fortunate to have a significant property investment portfolio, revenue from which is used for the maintenance and renewal of these assets. We continue to work on strategies to improve this revenue and, in turn, ensure the financial sustainability of the organisation now and into the future.

Rates explained

Your rates help keep Subiaco connected, create a sustainable and attractive city, and support strong communities and businesses. They fund a wide range of services and facilities, from infrastructure maintenance and graffiti management to library services and community development.
 
The Valuer-General conducts valuations triennially and 2017 is a revaluation year. Many properties will experience a change in rates that is more or less than the average 2.5 per cent. If your gross rental value (GRV) has increased significantly and therefore generated a rate much higher than the 2.5 per cent average, we would be more than happy to look at this with you and determine if an appeal to the Valuer-General’s office is worthwhile. You can contact the city on 9237 9222.
 
This year, the city also faced a budget deficit of $512,000 – a flow-on effect from the City of Perth Act and the final amount to be made up from the original $4.3 million loss in revenue. In order to address this deficit and present a balanced budget for 2017–18, the city has kept the average rate increase to 2.5 per cent and there has been a waste charge reduction of $56 for most residential properties.
 
For more information about your rates, visit the rates page.

Operating expenditure

Lords, library and parks
 
$13.7 million 35%
Roads, drainage and parking
 
$10.6 million 27%
Waste and planning
 
$5.6 million 14%
Community activities
 
$3.3 million 8%
Economic development
 
$2.4 million 6%
Governance
 
$2.3 million 6%
Buildings
 
$1.5 million 4%
 
 

Operating revenue

Rates, interest and grants
 
$24.6 million 58%
Roads and parking
 
$5.2 million 12%
Waste and planning
 
$4.6 million 11%
Land and property
 
$4.0 million 10%
Lords, library and parks
 
$3.3 million 8%
Economic services
 
$0.2 million 1%



Stay informed

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