Gippsland › Latest news › Latrobe Local News
Latrobe City major infrastructure and hard waste service expansion gets $40M through 2022/23 capital works program
Investment in major infrastructure and an expansion of hard waste services feature in Latrobe City Council's 2022/23 Budget.
The budget was adopted by council at its meeting last night, following a consultation period. "The 2022/23 budget will see the delivery of $40.04 million in capital works being delivered across all parts of our municipality, improving our community's assets, and supporting local jobs," said Mayor of Latrobe City Cr Kellie O'Callaghan.
The budget includes an operating surplus of $3.2 million, after raising rates and charges of $88.6 million out of total revenue of $139.3 million
Delivering major projects
Cr O'Callaghan said that council will be delivering a range of major projects, including:
- $2.5 million Kernot Hall upgrade
- $5.2 million Moe Revitalisation Project (Stage 2)
- $5.1 million upgrade to the Marshalls Road and Traralgon-Maffra Road
"The budget also includes funding to expand our hard waste collection service, while also accommodating for the increasing cost of delivering waste services across the board," said Cr O'Callaghan.
The Mayor also thanked the community members who took the time to make a budget submission this year. "We received 54 budget submissions across a range of projects and services. While it's not possible to fund every item, community feedback is a crucial part of the future budget planning processes."
Fair go rates system
A rate increase of 1.75 per cent will apply, in line with the Victorian government's Fair Go Rates System. When excluding non-recurrent capital funding and developer contributions, an underlying operating deficit of $6.3 million is projected for 2022/23. The underlying deficit primarily reflects the injection of over $120 million of new capital infrastructure in recent years which has increased depreciation expenses by $3 million annually.
Examples of this include new community facilities such as the Gippsland Performing Arts Centre and Gippsland Regional Aquatic Centre. The 2022/23 Budget, including fees and charges, is available on the Latrobe City Council website.
Pictures from Latrobe City Council Facebook page.
Source: www.gippsland.com
Published by: news@gippsland.com
Latest News
Applications open for South Gippsland 2025 Community Leadership Program, boosting leadership skills until 2 February 2025
Committee for Gippsland hosts Morwell roundtable to discuss local opportunities in Gippsland's net zero transition
Darren Chester urges Gippslanders to shop locally this Christmas, supporting family-owned businesses to boost the regional economy
Labor's supermarket legislation fails families and farmers, prioritising bureaucracy over urgent cost-of-living crisis
Peri Urban Councils Victoria welcomes recommendation for state funding to support rapidly growing communities
South Gippsland wins 'Leadership in Climate Adaptation and Resilience' award at the Victorian Marine and Coastal Awards 2024
Baw Baw Shire advances $35M Culture and Connection Precinct with library, learning centre, and community spaces in Warragul
Darren Chester calls for new funding to advance the Traralgon bypass, Sale route, and safety upgrades
Darren Chester urges Gippslanders to take sun protection seriously as warmer weather arrives and skin cancer risks increase
Five groups and individuals awarded 2024 Lyrebird Awards for outstanding environmental conservation efforts in West Gippsland
