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Latrobe City Council Adopts 2023/24 Annual Budget with investments in infrastructure and community projects highlighted

Latrobe City Council adopts 2023/24 Budget, prioritising road network and infrastructure investments, delivering $43.8 million in capital works, and acknowledging community input. A 3.5 percent rate increase is implemented.

By news@gippsland - 3rd July 2023 - Back to News

Latrobe City Council adopted the 2023/24 Budget at the most recent council meeting, following a community consultation process. Investment in the road network and renewing existing infrastructure feature in council's 2023/24 Budget with the budget position forecast to break even on a cash basis. Mayor of Latrobe City Council, Councillor Kellie O'Callaghan said the 2023/24 Budget will see the delivery of $43.8 million in capital works across all parts of our municipality, improving our community's assets and supporting local jobs.

Latrobe City Council adopts 2023/24 Budget, focusing on road network investment, infrastructure renewal, and a 3.5% rate increase

Major project investments

Mayor O'Callaghan said, "We will be delivering a range of major projects, including $4.9 million on upgrading the Marshalls Road/ Traralgon-Maffra Road intersection, $2.4 million to complete Stage 1a of the Gippsland Logistics Precinct, a key deliverable of Our Transition plan, and the $1 million continuation of the Regional Car Parks Fund - Main Works package."

"No new borrowings are proposed in 2023/24 however $5 million, approved in the 2020/21 budget from the state government's Community Infrastructure Loan program, is proposed to be drawn down in the 2023/24 financial year to fund the completion of the $3.5 million Moe Rail Precinct Revitalisation Stage Two and $1.5 million Kernot Hall Upgrade projects," said the Mayor.

Community budget feedback

Mayor O'Callaghan added, "On behalf of council I would like to thank those community members who took the time to make a budget submission this year. We received 47 Budget submissions via council's Have Your Say platform, across a range of projects and services. While it is unfortunately not possible to fund every item, community feedback is a crucial part of the future budget planning process."

In line with the Victorian government's Fair Go Rates System, a rate increase of 3.5 percent will apply. The 2023/24 Budget can be viewed online on Latrobe City Annual Budget page.

Pictures from Latrobe City Council website.

Source: www.gippsland.com

Published by: news@gippsland.com

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  Wanderer Adventures offers seasonal whale watching cruises from Tidal River at Wilsons Promontory, bringing passengers close to migrating humpback and southern right whales, fur seals and spectacular coastal scenery aboard eco-tourism vessels.
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  The 2026 Bass Coast Business Awards celebrated local business excellence, with Phillip Island Tenpin Bowling & Entertainment Centre named Business of the Year after winning four awards.
• Celebrate the Lakes event highlighting Gippsland Lakes diversity and environmental projects protecting vital local ecosystems
  The East Gippsland Catchment Management Authority will host Celebrate the Lakes at Eagle Point, showcasing Gippsland Lakes biodiversity, environmental projects and community efforts protecting local waterways, wetlands and wildlife.