City of Hobart 2023-24 Budget

Budget 2023-24

The City of Hobart 2023-24 Budget was adopted on 19 June 2023.

In 2023-24, the City of Hobart is delivering a $167.5 million Budget that will underpin the continued growth and transformation of the City.

The 2023-24 Budget strikes a balance between addressing financial challenges, prioritising existing services and infrastructure, and delivering a range of projects that will position the City as a thriving place to live, work, visit and invest. 

Highlights include:

  • Rates revenue: 8.5 per cent increase
  • Average Residential Ratepayer: 6.9 per cent increase
  • Average Commercial Ratepayer: 8.9 per cent increase
  • Operating Budget: $167.5 million
  • Underlying Surplus: $500 000
  • Surplus: $11.1 million
  • Australian & State Government grants totaling: $14.9 million
  • Capital works program: $35 million

Alongside our Annual Plan, the 2023-24 Budget strengthens the City's financial basis and will enable the City to continue to be community focused, innovative and responsive.

2023-24 Budget Estimates(PDF, 1MB)

Long-Term Financial Management Plan 2023-33(PDF, 2MB)

Budget media release

Budget snapshot

Budget snapshot

2023-24 Budget snapshot(PDF, 180KB)

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