It’s Cairns Regional Council budget day for 2017/2018 with all the boring details at Special (budget) Meeting. I will just focus on this statement apparently drawn from the Mayor’s speech.
Cairns missed out on a revaluation this year so we will have to wait until next year for that fun. Although I’m curious as to the composition of that 0.4% presumably above the general rate increase?
Increases below CPI funding an equivalent level of council works and services over ten years could be something of a conflict. LGAQ have previously compiled a council cost index based on the relevant components of council costs but not sure if this is still available or behind a member login. The CPI is not really a relevant benchmark for council costs as we have found out at times in the past.
I think I would be prepared to take a bet against this but ten years is a long time to wait to collect and perhaps a closer look at the assumptions is warranted.