	{"id":113982,"date":"2025-04-25T04:00:00","date_gmt":"2025-04-24T18:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/city-unveils-reform-focused-budget\/"},"modified":"2025-04-25T05:11:55","modified_gmt":"2025-04-24T19:11:55","slug":"city-unveils-reform-focused-budget","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/city-unveils-reform-focused-budget\/","title":{"rendered":"City unveils reform-focused budget"},"content":{"rendered":"<p>THE City of Greater Geelong&#8217;s &#8220;imperfect&#8221; 2025-26 draft budget has been released for public exhibition, following a tense meeting on Tuesday that saw several councillors criticise the time they were given to scrutinise the document.<\/p>\n<p>Chief among the complainants was Cr Anthony Aitken, who put forward a request, seconded by Cr Melissa Cadwell, that the release of the budget be deferred for a further seven business days to allow councillors adequate time to review the proposed budget.<\/p>\n<p>&#8220;I feel the most ill-informed that I&#8217;ve ever been,&#8221; Cr Aitken said.<\/p>\n<p>&#8220;The lateness at which the budget process has started\u2026[has] meant that the current budget as it stands does not reflect my values\u2026 and doesn&#8217;t, I believe, reflect the values of the community that I represent.&#8221;<\/p>\n<p>Although the motion was swiftly voted down, Cr Aitken then proposed six amendments to the draft budget, including a reallocation of sponsorship funds from the Give Where You Live Foundation to Active Geelong and a freeze on the city&#8217;s marketing allowance.<\/p>\n<p>Each of these amendments were also rejected in turn, with the council ultimately deciding to prioritise the document&#8217;s release to the public, while further discussions continue between councillors about its inclusions in the coming weeks.<\/p>\n<p>&#8220;I would rather the budget goes out today, in a state that I&#8217;m not over the moon about, and have another 300,000 people be able to look at it transparently and tell us what they think about it, because they will pick up a lot more than just 11 people,&#8221; Cr Chris Burson said during the debate.<\/p>\n<p>Geelong mayor Stretch Kontelj said the proposed budget was focused on achieving &#8220;structural reform&#8221; of the city&#8217;s finances and aimed to reduce its projected four-year debt from a forecasted $204.7 million to $142.2 million by June 30, 2029.<\/p>\n<p>To facilitate this, roughly $15 million in &#8220;non-core assets&#8221; have been identified for sale, including the former Geelong Saleyards site in North Geelong. Each of these assets will first be put through a community consultation process.<\/p>\n<p>The pending decision on in-home aged care services and the May 3 federal election result are also expected to impact the budget&#8217;s final form, with Cr Kontelj optimistically describing the draft as &#8220;the worst-case scenario&#8221;.<\/p>\n<p>A four-year freeze on borrowing has also been proposed, while spending on asset repairs is set to increase from $234 million to $315 million.<\/p>\n<p>The budget also presents a 2.5 per cent rate increase \u2013 half a per cent lower than the 3 per cent cap set by the Victorian government \u2013 a decision Cr Kontelj said was mindful of cost-of-living pressures.<\/p>\n<p>Council officers estimate the decision will save ratepayers $1.1 million.<\/p>\n<p>&#8220;In tough economic times, council&#8217;s main priority is to ensure the long-term financial sustainability of our region, and this budget takes significant steps toward achieving that goal,&#8221; Cr Kontelj said.<\/p>\n<p>&#8220;We are committed to delivering essential services and renewing infrastructure without burdening our community with excessive debt.<\/p>\n<p>&#8220;This budget, our first as a council, will ensure we can continue to deliver much-needed services and infrastructure for our community while prioritising long-term fiscal responsibility.<\/p>\n<p>&#8220;This will create capacity to adapt to future economic challenges and opportunities, with decisions we make now set to shape our region&#8217;s finances over the next decade and beyond.&#8221;<\/p>\n<p>Feedback on the budget can be submitted at <a href=\"http:\/\/geelong.link\/Budget2025-26\" target=\"_blank\" rel=\"noopener\">geelong.link\/Budget2025-26<\/a> until May 21.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE City of Greater Geelong&#8217;s &#8220;imperfect&#8221; 2025-26 draft budget has been released for public exhibition, following a tense meeting on Tuesday that saw several councillors criticise the time they were given to scrutinise the document. Chief among the complainants was Cr Anthony Aitken, who put forward a request, seconded by Cr Melissa Cadwell, that the [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/city-unveils-reform-focused-budget\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":216,"featured_media":113983,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-113982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>City unveils reform-focused budget - Geelong Times<\/title>\n<meta name=\"description\" content=\"Geelong draft budget: City 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