Latrobe City Council adopted the 2023/24 Budget at the most recent Council meeting, following a community consultation process.
Investment in the road network and renewing existing infrastructure feature in Council’s 2023/24 Budget with the budget position forecast to break even on a cash basis.
Mayor of Latrobe City Council, Councillor Kellie O’Callaghan said the 2023/24 Budget will see the delivery of $43.8 million in capital works across all parts of our municipality, improving our community’s assets and supporting local jobs.
“We will be delivering a range of major projects, including $4.9 million on upgrading the Marshalls Road/ Traralgon-Maffra Road intersection, $2.4 million to complete Stage 1a of the Gippsland Logistics Precinct, a key deliverable of Our Transition plan, and the $1 million continuation of the Regional Car Parks Fund - Main Works package,” said the Mayor.
“No new borrowings are proposed in 2023/24 however $5 million, approved in the 2020/21 budget from the State Government’s Community Infrastructure Loan program, is proposed to be drawn down in the 2023/24 financial year to fund the completion of the $3.5 million Moe Rail Precinct Revitalisation Stage Two and $1.5 million Kernot Hall Upgrade projects.
“On behalf of Council I would like to thank those community members who took the time to make a budget submission this year. We received 47 Budget submissions via Council’s Have Your Say platform, across a range of projects and services. While it is unfortunately not possible to fund every item, community feedback is a crucial part of the future budget planning process.”
In line with the Victorian Government's Fair Go Rates System, a rate increase of 3.5 percent will apply.
The 2023/24 Budget can be viewed online on Council’s website: www.latrobe.vic.gov.au/Council/Media_and_Publications/Major_Council_Publications/Budget