Here’s some good news or bad news, depending on how you want to see things.
The rates that you pay are set by IPART (the Independent Pricing and Regulatory Tribunal) and in the last decade the increases have on average been at 2.46%, a tad above inflation.
For the 2022-23 period, IPART has decided (with a new calculation method) that Ku-ring-gai’s increase (excluding waste levy, land valuations, etc.) will be limited to 0.7%. It’s good news for those who don’t like paying rates. It’s bad news for council in that 0.7% is certainly less than the cost increases that we expect from providing services, upgrading our infrastructure, and paying our staff. Things are going to be tight next year. Ultimately there will have to be some sort of cost cutting or efficiency measures, and while you do save some money you will probably also get less for what you pay.
