Mid-Coast Council has formally applied to IPART for a special variation to increase its general income above the rate peg over the four year period 2017-18 to 2020-2021.
Mid-Coast Council has proposed a cumulative increase of 28.5% over the four years, including the rate peg, to provide additional funding for asset maintenance, to address its infrastructure backlog and to support an environmental program. It is proposing annual increases of 11.0% in 2017-18, 5.0% in 2018-19, 5.0% in 2019-20 and 5.0% in 2020-21.
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