Council has approved its 2017–18 budget

Published on 21 August 2017

The City of Hobart has approved a rates increase of 3.25 per cent as part of its responsible and financially prudent 2017–18 budget.

It is a budget that looks at both today and tomorrow and is positive about the future.

It will assist in funding the increased cost of delivering the Council’s extensive range of services to the community and to deliver year two of the Transforming Hobart capital works plan. 

The Council plans to continue investing, improving and modernising our public assets and infrastructure – our roads, paths, buildings, toilets and open spaces.

The Lord Mayor's Budget Speech is available here: Lord Mayor's Budget Speech 2017-2018(PDF, 174KB).

The full report to the Finance Committee is available here: 2017–18 Budget Estimates Council report

The City of Hobart Budget Estimates 2017 - 2018 are available here: City of Hobart Budget Estimates 2017-18(PDF, 721KB)

 Budget highlights

  • $129 million budget.
  • 3.25 per cent rate increase.
  • A surplus of $1.45 million is predicted, with new borrowings of up to $15 million and $1.48 million in debt to be repaid.
  • $35.43 million will be spent on capital works. Things such as local roads and footpaths, parks, bushland, waste and stormwater infrastructure.
  • Transforming Hobart projects for 2017/18 include a shared-use pedestrian bridge over the Tasman Highway joining the Cenotaph to Soldiers’ Memorial Avenue; implementing the Lenah Valley retail precinct program; the upgrade of Kemp Street (including a commercial waste and recycling receiving facility); renewal works at the Doone Kennedy Hobart Aquatic Centre; track works on kunanyi / Mount Wellington; replacement of the playing surface on the TCA Ground; street light upgrades; Tolmans Hill Playground and public toilet upgrades across eight sites.