{"id":9869,"date":"2024-07-09T04:00:00","date_gmt":"2024-07-08T18:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/mtgambiertimes\/?p=9869"},"modified":"2024-07-03T15:28:55","modified_gmt":"2024-07-03T05:28:55","slug":"financial-blueprint-gets-tick-of-approval","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/mtgambiertimes\/news\/financial-blueprint-gets-tick-of-approval\/","title":{"rendered":"Financial blueprint gets tick of approval"},"content":{"rendered":"

Naracoorte Lucindale Council has adopted its 2024-2025 Annual Business Plan and Budget at its final monthly meeting for the current financial year.<\/p>\n

The budget has a strong focus on the road network and Naracoorte Regional Livestock Exchange (NRLE) as well as keeping rates as reasonable as possible due to the current economic climate.<\/p>\n

Council endorsed a 5% increase in general rate revenue of $12.25M, with operational expenditure of $21M – an increase of $1.4M from 2023-2024.<\/p>\n

Of total rateable properties in the Council area, 54.23% will experience a rate increase of between 0%-5%, and 7.59% will receive a rate decrease.<\/p>\n

The total capital spend in the 2024-2025 budget is $10.5M, with $6.8M allocated to road and stormwater infrastructure upgrades and $2.5M allocated to NRLE infrastructure upgrades.<\/p>\n

Council\u2019s patrol grading program has been increased by 41.6% from 2023-2024.<\/p>\n

Key priority projects from the budget include:<\/p>\n

Diagonal Road, Miles Road, Premier Drive and Clarksons Road reconstructions ($3.96M);<\/p>\n

New infrastructure at the NRLE for sheep eID infrastructure ($2.3M);<\/p>\n

Capital projects in open space areas including Naracoorte Creek weirs ($250,000), Pioneer Park carpark upgrades ($79,247), Frances BMX track shelters and seating ($60,000), and Leicester Street playground consultation and concept designs ($10,000);<\/p>\n

Naracoorte Swimming Lake works including $113,210 for the sealing of the lake floor and walls, and $40,000 to allow for a scoping\/feasibility study to be undertaken on a hybrid indoor facility at the lake;<\/p>\n

Replacement of the Lucindale War Memorial Hall roof ($85,000).<\/p>\n

The following is a breakdown of how Council will spend every $100 of your rates in the new financial year:<\/p>\n

$47.40 – Roads, Stormwater, Aerodromes<\/p>\n

$24.53 – Administration – Corporate Services, Governance, Risk & HR, Elected Members<\/p>\n

$9.87 – Libraries, Community Facilities & Services<\/p>\n

$9.52 – Trees, Parks, Sport & Recreation, Cemeteries<\/p>\n

$5.56 – Planning, Buildings & Compliance<\/p>\n

$3.12 – Communications, Events, Arts<\/p>\n

In the lead-up to the adoption of the Annual Business Plan and Budget, the draft documents were released for community comment in line with public consultation legislation. As a result of community feedback, some amendments were made to the draft documents for final endorsement. These included a reduction in the increase in general rate revenue from 5.8% to 5%, and the removal of the reconstruction of Jones Street as part of the Naracoorte Town Centre Rejuvenation Plan ($607,487).<\/p>\n

You can read through the 2024-2025 Annual Business Plan and Budget in its entirety on Council\u2019s website at https:\/\/bit.ly\/nlcbudget<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Naracoorte Lucindale Council has adopted its 2024-2025 Annual Business Plan and Budget at its final monthly meeting for the current financial year. The budget has a strong focus on the road network and Naracoorte Regional Livestock Exchange (NRLE) as well as keeping rates as reasonable as possible due to the current economic climate. Council endorsed […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":153,"featured_media":9871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[15],"tags":[],"post_folder":[],"class_list":["post-9869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nFinancial blueprint gets tick of approval - Mt Gambier Times<\/title>\n<meta name=\"description\" content=\"Naracoorte Lucindale Council approves 2024-2025 Budget! 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