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IPART announces outcome

Published on 18 May 2015

IPART released a statement today announcing the approval of Council's submission for a rates increase over the next four years stating:

“The Council of the City of Ryde was able to meet the criteria for approval of the special variation by demonstrating a clear need for the additional revenue, that it had appropriately engaged the community about the proposed rate increases, and that it is taking steps to improve productivity and contain costs....In making this assessment, we also considered the council’s long term financial plan and whether the impact of the variation on affected ratepayers is reasonable. Although the increases are significant, we have determined that they are reasonable under the criteria given that current rates are below many similar council areas.”

Based on the City of Ryde’s application, average residential rates will increase by $61 in 2015-16 and average business rates will increase by $581.

You can view IPART's full determination here

Last updated on 13 July 2015