A RATE cap of three percent has been set for Victorian councils by the state government for the next financial year. The rate cap limits the amount of revenue that councils can raise from general rates and municipal charges. It will be three percent in the 2025/2026 financial year, a small increase on the 2.75 percent rate cap in effect for the 2024/2025 financial year.Local government MP Nick Staikos said the rate cap “will mean local councils are able to raise necessary revenue for the services they provide, without adding cost of living pressure on households.” “‘Fair Go’ rates are…
Thursday, January 9
