Council has moved to protect the future of the City of Canterbury by lodging an application for a Special Rate Variation (SRV) with the Independent Pricing and Regulatory Tribunal (IPART). The application for a Special Rate Variation is part of our community's preferred strategy to continue to deliver existing services and improve and maintain infrastructure, developed over the past 12 months with extensive community involvement.
The application is for an increase of 7.5% each year for three years including the rate cap, or 4.6% each year for three years above the rate cap. After three years the average rate will be $145 more as a result of the SRV.
IPART will make a decision on the SRV application in the near future, and Council will consider IPART's decision in preparing the 2014-15 budget.
Our application can be viewed on IPARTs website here.