Port Stephens Council takes SRV step forward

FOR AND AGAINST: Port councillors for and against the proposed rate rise at a Nelson Bay community meeting. From left Ryan Palmer, Sarah Smith, Glen Dunkley, Steve Tucker and Giacomo Arnott.
FOR AND AGAINST: Port councillors for and against the proposed rate rise at a Nelson Bay community meeting. From left Ryan Palmer, Sarah Smith, Glen Dunkley, Steve Tucker and Giacomo Arnott.

Port Stephens is one of 14 councils across NSW to apply to the Independent Pricing and Regulatory Tribunal (IPART) for a special variation to increase their general income above the rate peg in 2019-20.

In an statement from the regulatory body, it was confirmed that Port Stephens had notified IPART prior to the November 30 deadline of its intention to apply for the rate hike.

The council is seeking a 7.5 percent increase per year over the next seven years.

“The councils have until February 11, 2019 to consult with their communities and submit their applications for a special variation increase,” the statement said. 

“The councils lodging notifications from regional and rural areas including Dungog, Muswellbrook, Richmond Valley and Tamworth.”

Ratepayers and other stakeholders can have their say by contacting their council or lodging a submission to IPART.

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