Changes to the rate peg methodology in NSW have been welcomed by the state’s peak local government body.
LGNSW said today that the changes should help ease pressures that are currently pushing councils to the financial wall.
President Cr Darriea Turley AM congratulated IPART for listening to the sector’s concerns, and delivering a simpler rate peg methodology.
Changes include indicators that are forward looking, rather than retrospective; recognition of different kinds of councils, from large metros to small rurals; and recognition of employee and asset costs.
The new methodology also recognises the impact of the discontinuation of the state’s emergency services levy.
Read more from LGNSW here, and about the IPART review here.