2025/26 Draft Annual Business Plan and Budget
2025/26 Draft Annual Business Plan and Budget continues the journey Council and the community embarked upon last financial year in working toward a more sustainable and financially resilient future. This is the second year of our multi-year budget repair approach, one that was shaped by the decision that our community made last financial year.
In the 2024/25 financial year, we took the first critical step towards budget repair with a 9.80 per cent rates increase, and now, for the 2025/26 financial year, Council proposes a 6.95 per cent increase. This strategy will see Council back to a surplus position and paying down debt.
The Long Term Financial Plan 2025/26 – 2034/35
As part of our financial planning process and developing the Draft Annual Business Plan and Budget, Council reviews and updates the Long Term Financial Plan.
This review helps provide a high level of certainty in our ability to meet the ongoing costs of services and capital works, maintained over a 10-year planning horizon. This review also considers the funding approaches for asset renewals, new assets and significant upgrades, and the approach to borrowings.
