City of Karratha proposes 5 per cent rates increase, citing inflation and rising insurance premiums
Ratepayers in the City of Karratha are being invited to have their say on a proposed 5 per cent rate increase for the 2023/24 financial year.
The proposed increase would see rates rise by roughly $2.32 a week for residential ratepayers, with City of Karratha deputy mayor Kelly Nunn saying the rising cost of service delivery meant the higher-than-normal rate rise was warranted.
It would see the minimum payment for residential, commercial and industrial plots increase to $1691.
The proposed model would generate about $51 million in rates in the 2023/24 financial year, making up 37 per cent of the City’s total funding.
“We are aware of the rising cost-of-living impacting residents, however, this has also affected the City,” Cr Nunn said.
“This proposed model is now open for public comment, and we appreciate your feedback that will be used to help inform the final rates model.
“I encourage all residents to provide feedback and comment on the proposed model so we can factor that in when finalising the annual budget.”
Cr Nunn said the proposed rates model met the anticipated revenue requirements of the 2023/24 budget while responding to the changed economic conditions being experienced across the district
“Council has worked hard to reduce its reliance on rates, with most of its revenue sourced from government grants, the private sector, investments, and fees and charges,” she said.
The proposed increase is below the consumer price index of 7 per cent and increasing costs to the City including insurance premiums rising by 12.9 per cent.
To make a submission on the proposed rates model, ratepayers can email firstname.lastname@example.org before May 22.
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