Gold Coast Mayor Tom Tate has announced his seventh budget, one he says has low rates for all residents.
The budget focuses on spending which will improve roads, infrastructure and cultural hubs.
This morning he said this year’s budget continues his history of being a Mayor who keeps rates low.
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“This is the seventh year of hitting the CPI average residential rate rise, 1.73 per cent,” he said.
“This is the longest period in our city’s history of low rate rises in a row.
“My mantra is that rate increases will never exceed CPI. They must be at, or below, CPI and we have achieved that again”
This year’s budget has continued to pay off the city’s debt.
When first elected the Mayor said the debt was spiralling towards the $1 billion dollar mark.
Now, seven years since Tom Tate was first elected, Council owes $635 million.
The council budget just about to be handed down. The total budget will be $1.5 billion. The mayor is expected to spruik $2.9 million for CCTV. $110 million for road improvements. $32.8 million for managing beaches and waterways. pic.twitter.com/KTPmQjkptF
— Mitchell Van Homrigh (@Moosk) June 20, 2018
Other key spendings include:
– $50 million towards art, culture and film production.
– $10 million to be spent on buying land for koala space.
– $110 million towards busting congestion on roads.
Seniors appear to be the big winners in this budget, with Mayor Tate saying his proudest moment in office was providing seniors with free public transport.
He explained this has a great knock-on effect and helps raise revenue raising effects, with the seniors spending more money on activities when they get out of the house.