Special Rate Variation Announced

Published on 21 June 2022

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From 1 July 2022 Council will implement a Special Rate Variation for the Snowy Valleys Council Local Government Area.

At its June 2022 Council Meeting, Council resolved to increase rating income for 2022-23 by 15.7%.

In May 2022 IPART approved a new and permanent Special Rate Variation (SRV) of 35.95% (inclusive of the rate peg) introduced over two years in 2022-23 and 2023-24. The increased rating level at the completion of 2023-24 will then remain permanently and be the amount subject to any future increases.

The approved purpose of the SRV is to:

  • Continue delivering existing service levels, as outlined in the 2022-23 Delivery Program and Operational Plan
  • Manage a range of financial impacts (e.g. maintenance of grant-funded new assets and natural disasters)
  • Ensure long-term financial sustainability

Detailed information relating to the operational and long-term budgets, projects, services, and actions Council will be completing during 2022-23 is contained within Council’s Integrated Planning and Reporting suite of documents which was also adopted at the June Council Meeting.

Property owners are encouraged to use the online rates calculator to estimate the change to ordinary rates for individual properties by entering the assessment number provided on annual rates notices at www.svc.nsw.gov.au/srv

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