Budget

At a Special Council meeting held on Monday 20 June 2022, Council adopted its 2022/23 Budget.

Read the media statement here.

Key points in the 2022/23 Council Budget

  • Glenorchy City Council voted unanimously to adopt its proposed 2022/23 budget and Annual Plan, with a strong focus on affordability and responsibility.
  • Mindful of the cost-of-living pressures being faced by its ratepayers, Council will limit its annual rate revenue increase to 3.5%, consistent with its Long-Term Financial Management Plan which was adopted this time last year.
  • The budget forecasts a deficit of $4.5m at years end, with a return to surplus in the 2026/27 financial year.
  • The budget sets out a $31.5m capital works program, which delivers on Council’s commitment to deliver federally funded sport and recreation projects, while also renewing and upgrading its $1 billion asset portfolio.

Capital works planned for 2022/23

  • $3.5m for a new regional playground at Giblins Reserve, Goodwood
  • $435,000 on Road Safety Improvements, including $205,000 to install a safety barrier and resurface parts of Glenlusk and Molesworth roads
  • $9.6 million in new and upgraded football (soccer) facilities at KGV (3.8m) and North Chigwell Oval ($5.4m), funded primarily through federal government grants
  • $3m for Stage A of the Tolosa Reservoir Reintegration Project, preparing the former Tolosa Reservoir for future transformation into an iconic regional parkland, and
  • $11.8 million in renewing, upgrading and maintaining our transport (roads and footpaths), stormwater and property assets, to ensure their long-term viability and reduce future maintenance costs.

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