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Bass Coast Council adopts 10-year Financial and Asset Plans to guide $1.47B in infrastructure managementBass Coast Shire Council has adopted its 2025 - 35 Financial and Asset Plans to guide infrastructure investment, manage $1.47 billion in assets, and deliver community priorities identified through consultation. By news@gippsland - 15th October 2025 - Back to News Bass Coast Shire Council has adopted its new Long-Term Financial Plan 2025-35 and Asset Plan 2025-35 to guide the next 10 years of council's finances and infrastructure. The Financial Plan contains an ambitious capital works program with details of the major capital projects provided which include the Former Wonthaggi Secondary College site, Bass Coast Aquatic and Leisure Centre (Wonthaggi), Phillip Island Sporting Precinct and Cowes Foreshore Precinct (Cowes Streetscapes). 
The Plans outline $1.47 billion in assets, major capital projects, and council's commitment to responsibly managing infrastructure to meet community priorities and long-term goals Managing community assetsThe new Asset Plan, alongside the Long-Term Financial Plan, talks about how council will responsibly manage over $1.47 billion worth of infrastructure assets including buildings, pathways, stormwater drainage, roads, parks and structures like bridges and playgrounds. The Asset Plan outlines the value, the costs and the risks of managing council's infrastructure assets and how council is continually improving the way these assets are managed to achieve the Council Plan objectives and the Community Vision. The Long-Term Financial Plan and the Asset Plan have both been developed reflecting our communities' priorities which were identified through extensive community consultation completed in July and August 2024 and the deliberative engagement undertaken by the Community Panel earlier this year. Balancing community prioritiesBass Coast Mayor, Cr Rochelle Halstead explained that council had considered the diverse feedback from across our community as part of the final Plans. "We heard a broad range of feedback from the community during our consultation." "It's great to hear what is important to our communities and where they think we should be directing our funding and resourcing. Financial sustainability is a key objective for council and as always, it's a balancing act as we have limited funds and our communities' needs are growing," Cr Halstead said. "We are striving toward balancing sustainable funding for a growing asset base and service levels with a plan that addresses the needs of a growing community," Cr Halstead concluded. To read council's new Long-Term Financial Plan and Asset Plan visit our Bass Coast Shire Council website. Pictures from Bass Coast Shire Council website.
Source: www.gippsland.com Published by: news@gippsland.com
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