Special Rate Variation
Updated 21 July 2017
A determination made by IPART has provided approval for a Special Rate Variation to be implemented in the MidCoast Council region effective 1 July 2017. This comes off the back of a proposal that was taken to the local community in November 2016, where strong support was shown for a rate variation to address the condition of the local transport network, and to undertake an environmental program across the region.
The approved SRV provides for a cumulative increase of 27.3% over four years including the annual rate peg, and replaces special variations that were in place in each of the three former council regions prior to merger. While the impact of the SRV will vary across the region, residential ratepayers can expect on average an increase of $67 in their 2017/18 rate notice, or $1.28 per week.
The approved percentage increase per year (including rate peg) is:
- 2017/18 – 10%
- 2018/19 – 5%
- 2019/20 – 5%
- 2020/21 – 5%
Funding provided through the SRV will be used exclusively for the express purpose of:
- Addressing the $5million per year shortfall in funding for renewals of Council's road and bridge assets
- Starting to address the asset backlog, estimated at $180million
- Harmonising and supporting an environmental program across the MidCoast region
You can view the estimated average increase as outlined in IPART’s determination below (extract, P22), broken down by rating category and former council area:
Frequently asked questions
Check below for answers to some of the questions you may have around SRV and how it will impact you.
If you have a question that isn’t answered, please email us so we can address your enquiry and add it to the FAQs below.
Q: We’re a merged council, so why are we allowed a SRV?
A: Legislation was passed in NSW Parliament in late March 2017 (Local Government Amendment (Rates - Merged Council Areas) Bill 2017) that provided MidCoast Council with the opportunity to apply for a Special Rate Variation. As a result of the amendment, Council proceeded to make an application for a SRV in May.
Q: When and how was the community asked for input into the SRV?
A: A series of community meetings was held in October/November 2016 throughout the MidCoast region to discuss the findings of an independent assessment of the region’s transport assets, the protection of our environment, and how a proposed SRV would be used to address our current situation. An independent phone survey was subsequently undertaken in late November, and the same survey provided online from 28 November for community members to provide their feedback on the proposed SRV. The response was generally very positive towards a SRV as a way to make a difference now, rather than waiting and allowing further deterioration of our roads.
Q: When will the SRV come into effect?
A: The approved SRV is effective from 1 July 2017 and will be implemented over four consecutive years.
Q: Will my road be fixed?
A: A program of works is currently in development and will be made available progressively. High-use assets will be prioritised within this funding program, with a strong focus on renewals that ensures we are extending the life of our existing roads, and preventing further deterioration. Check back again soon for more information about the road funding program.