Council budget break-down
TWEED Shire Council will spend $182 million in next year's budget.
In a draft budget councillors released for public comment yesterday, the total figure includes $8.68 million to be spent on roads.
There is also $200,000 for capital works at the Tweed Heads South aquatic centre, $150,000 towards the construction of the Margaret Olley Centre at the Tweed Regional Art Gallery, $50,000 for work at Point Danger lighthouse, and $80,000 towards the Koala Plan of Management.
Council director of technology and corporate services Troy Green said the 2012/2013 budget was the last for the Seven-Year Infrastructure and Services Plan and rates will rise.
"For a property with the full services of water, sewerage, garbage and ordinary rates the minimum residential and farmland rate bill will be $2013.60 and the minimum business rate bill will be $2078.15," Mr Green said.
This represents a total increase of 8.36% for residential and farmland and 8.35 per cent for business.
"However, individual properties' rates may increase or decrease by various percentages in 2012/2013 due to the fact that the Valuer General undertook a revaluation in 2011."Properties across the Shire on average decreased in value by 12.76% from the 2008 valuation.
Mr Green said it was the first time even values had decreased in the Tweed.
"This means that the properties whose values reduced by 12.76% will pay the same as last year plus the percentage increase of 7.9 to 8.36%, depending on services available at the property," he said.
"Properties with a valuation decrease greater than 12.76% may see their rates not increase by the full 7.9 to 8.36% and in some cases where the valuation dropped significantly, may actually see their rates decrease from their previous assessment.