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Unley rates up 4.1%, unless…

April 30, 2015

images (10)That’s the good(?) news folks, unless my fellow councillors have any last-minute surprises up their sleeves.

The  bad (!) news is that, to keep the rise within reasonable bounds, while continuing to upgrade  local facilities and improve Unley’s enviable  quality of life, we will have to borrow a mere $2million-plus.

Which will take our outstanding debts to (wait for it) $17million, fast approaching half our annual income.

Don’t know about you, but that scares the bejasus out of me, what with many more millions needed in the future with the financing of the Brownhill Creek flood mitigation plan, the ambitious revamp proposals for Unley Central, etc, etc.

More thought-provoking comments later when I have cast my beadies over the many pages of detail we were faced with earlier this week.

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One Comment leave one →
  1. Ian S permalink
    May 6, 2015 2:21 pm

    So, with last year’s income set at $41.2M, this will set the income at just under $43M for this financial year and you flag an additional $2M. The annual report from last year noted that the expenditure was $39.7M, $1.4M under income. Where was this $1.4M put? Did it pay down some debt? At an interest rate of 5%, the repayments on debt currently stands at just under $1M/a.

    What is being done to reduce the current debt levels, reduce spending or increase income without increasing rates? What is being done to achieve greater efficiency in spending? I refer specifically to things like holding the electricity supply contracts up to the spotlight to reduce the average electricity costs to around $70/MWh in line with other major industry customers, removing traffic lights, reducing pavement area when renewing road surfaces etc. I’ll gladly run a ruler over the current budget items to give it some sanity.

    I’m not sure why you are bothering with addressing Brownhill Creek unless it impacts your insurance premiums. As harsh as this may sound, perhaps it is a case of acceptance and an opportunity to re-format and rebuild housing standards and suburb layout if there is a major flood. It might be more economical for UCC to develop these standards for house elevation (for instance) in the flood prone zones. That’s how it used to be in other flood prone zones and why the Queenslander houses were elevated to such an extent.

    Unley is currently one of the councils in Adelaide with the highest rates. There are councils with higher rates, however that is up to them to address.

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