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Feedback on draft 2023/24 Latrobe City Council budget featuring key infrastructure projects and services by 5 May 2023

Council has approved its Draft 2023/24 Budget and is inviting community members to review and submit feedback by May 5th. The balanced budget includes $21.6 million for infrastructure investment and forecasts a $7.5 million surplus.

By news@gippsland - 6th April 2023 - Back to News

Latrobe City Council endorsed the Draft 2023/24 Budget at its April council meeting and is now calling for submissions. Community members are invited to review the Draft Budget and make a submission before 5pm on Friday 5 May 2023. The Draft Budget is presented on a cash basis as a balanced budget that aims to support the themes and strategies of the Council Plan 2021- 2025.

Draft Budget 2023/2024 prioritises quality services via existing/new programs and capital works, community input invited until 5 May 2023

Infrastructure investment plans

Capital works program includes investment in renewing existing infrastructure of $21.6 million, with $12.6 million of this being committed to the municipal road network. Key capital works projects to be completed include upgrading the Marshalls Road/Traralgon-Maffra Road intersection, Flood Recovery Projects, and completion of Stage One of the Gippsland Logistics Precinct and New Energy Projects which support the region's economic transition.

Mayor of Latrobe City, Councillor Kellie O'Callaghan welcomes community members to share their views about the projects, services and initiatives included in the Draft Budget. "The projects and services outlined in the draft budget align with the objectives of the Council Plan 2021-2025, which was informed by extensive community engagement and we welcome ongoing input to understand our community's views," said the Mayor.

Budget surplus forecast

Cr O'Callagahn added, "The Draft Budget forecasts an operating surplus of $7.5 million, after raising rates and charges of $92.1 million out of a total revenue of $150.9 million and presents a strong overall financial position. Council encourages the community to engage in the budget process by making a submission via the Have Your Say Latrobe City platform and taking part in our Facebook live session on 2 May."

For more information about the Draft Budget or to make a submission, visit Draft Council Budget 2023/24 page. Hard copies of the Draft Budget are available for viewing at council service centres. Anyone who makes a submission will be provided the opportunity to speak to their submission at a council Meeting on Monday, 15 May 2023.

Pictures from Latrobe City Council Facebook page.

Source: www.gippsland.com

Published by: news@gippsland.com