Media Release - Community consultation to commence on proposed special rate variation
MEDIA RELEASE 17 August 2023
At a Council meeting on Wednesday 16 August, Council voted to start a community consultation on a potential application to the Independent Pricing and Regulatory Tribunal (IPART) for a permanent Special Rate Variation (SRV).
General Manager David Sherley said no final decision on an SRV has yet been made and community consultation will commence in the coming weeks.
“Information will be available on the Yoursay Bathurst website and Council will include information on the proposed SRV through our digital media platforms and to the media,” he said.
“We will also be running public forums for the community to find out more and to ask questions.”
Council has considered a range of options as listed in the table below.
Proposed Special Variation rate increase
SRV Options |
2024-25 |
2025-26 |
2026-27 |
2027-2028 |
Cumulative SRV impact |
Base case |
3.5% |
2.5% |
2.5% |
2.5% |
11.5% |
Option 1 (1 year cumulative increase) |
58.5% |
2.5% |
2.5% |
2.5% |
58.5% |
Option 2 (2 year cumulative increase) |
43.5% |
17.5% |
2.5% |
2.5% |
68.6% |
Option 3 (4 year cumulative increase) |
33.5% |
12.5% |
7.5% |
7.5% |
73.6% |
Community consultation will commence next Wednesday and continue until the end of October. It is anticipated that a decision on the application for an SRV will be determined at the November Council meeting.
ENDS
Media contact: Media Officer
Consultation has concluded
