What’s this about?
The Independent Pricing and Regulatory Tribunal (IPART) is reviewing the current system for setting local government rates revenue to consider population growth.
The rate peg determines the maximum percentage amount by which a council may increase its general income for the year.
This will support the NSW Government’s commitment to allow councils to align their rates revenue with population growth.
The key issues IPART will explore include:
- the different types of income councils can source to cover the costs of population growth and the role of the rate peg
- varying population growth between councils in NSW, including how to define population growth
- the impact of population growth on council costs.
The review will make recommendations on the adequate levels of revenue required by councils to service growth. This will focus on changes to total rates of revenue, not individual rates.
IPART will recommend a rate peg methodology that allows the general income councils receive to vary annually in a way that accounts for population growth.
Have your say
You can provide feedback via the online form below.
Have your say by Monday 3 May 2021.