Fair Go Rates
In the 10 years before the Andrews Government capped rates to CPI, the average rate increase in the City of Ballarat was 6.37%. During this time, rate rises affecting Ballarat homeowners and businesses have been as high as 7.5% in just one year.
During this time, rate rises affecting Ballarat homeowners and business have been as high as 7.5% in just one year.
The Andrews Government promised to put an end to uncontrolled rate rises by introducing the Fair Go Rates policy.
And since the Fair Go Rate system came into effect, uncontrolled rate rises have ended.
Council rate rises have been capped to CPI and only allowed to rise by 2.5% in 2016/17 and by up to 2% in 2017/18.
This is making a real difference to household budgets.
As the City of Ballarat was planning for rate rises above CPI, Ballarat ratepayers will keep saving.
According to the City of Ballarat, the Andrews Government’s Fair Go Rates policy could save ratepayers in our city $259,979,000 over the next ten years.
That’s great news for homeowners and business across Ballarat.
How does Fair Go Rates work?
Each year the Minister for Local Government sets the rate cap after receiving advice from the Essential Services Commission.
Rate rises were capped at 2.5% for 2016/17 and in 2017/18 rates can only rise by up to 2%.
The Fair Go Rates cap won’t stop councils, including the City of Ballarat, delivering the services and facilities our local community values and needs.
The City of Ballarat can, just like all other councils, apply for a higher rate rise if it can demonstrate critical need, and community support, for spending on services or projects that require a rate rises above the cap.
The City of Ballarat has chosen not to apply to the Essential Services Commission to increase rates above the above 2% limit for 2017/18.
For more information check out the Department of Environment, Land, Water and Planning’s website