The cap in rates rises being imposed on councils will be set at two per cent for the next four years to improve “accountability and transparency.”
The State Government has announced the cap has been set in line with the Consumer Price Index (CPI): 2.5 per cent in 2016-17, 2 per cent in 2017-18, 2.25 per cent in 2018-19 and 2.5 per cent in 2019-20.
Reports by the Essential Services Commission in 2019 showed for the first time, all 79 of Victoria’s councils had complied with the rate cap.
“We said we’d protect Victorians from unfair rates hikes and that’s exactly what we’ve done,” Minister for Local Government Adem Somyurek said.
“Our Fair Go Rates system has put a stop to a decade of unfair, unsustainable increases that hit hard-working Victorian families.”
