The City of Canada Bay Special Rate Variation - Online Community Forum

The City of Canada Bay

Online event: Learn more about the Special Rate Variation Council is seeking and ask questions.

Held on Microsoft Teams, Council&#x27;s consultants will present key information about the Special Rate Variation (SRV) before opening the floor to questions. For more information on the Special Rate Variation, visit <a href="https://collaborate.canadabay.nsw.gov.au/srv" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">https://collaborate.canadabay.nsw.gov.au/srv</a>What&#x27;s Happening?To secure a bright future for our residents and businesses and fund identified increases in services and improvement to public assets, the City of Canada Bay requires a Special Rate Variation (SRV).We will shortly be consulting with the community about a rate variation which will allow us to resource our community’s vision for the future and bring about an expansion in the services our growing City needs.The decision to consult with our community about a SRV has been taken following years of planning and financial modelling, and the variation in rates will work in parallel with an ongoing program of internal business and productivity improvement to ensure our organisation’s proud record of financial sustainability will continue into the coming decades.A Special Rate Variation is a common mechanism, which requires approval by the NSW Independent Pricing and Regulatory Tribunal (IPART), and allows for Councils to respond to, and satisfy, future needs through a variation in the rates that local residents and businesses pay.The City of Canada Bay is a rare case in NSW, having never applied for a Special Rate Variation.We are proud to have provided excellent services and infrastructure for our growing community over the past two decades without the need for a SRV, however significant past and forecast population growth now requires Council to secure our future and consult with our community about a SRV.What does this mean for me?In addition to ensuring ongoing funding for the maintenance and provision of current assets and services, a Special Rate Variation will allow the City of Canada Bay to provide residents:<ul><li>An expanded biodiversity and climate program</li><li>An enhanced and expanded town centres beautification program</li><li>A renewed green spaces and sportsfield maintenance program</li><li>More resources for maintaining and managing our growing tree canopy</li><li>An expanded community services team and resourcing to deliver our new Cultural Plan</li><li>Infrastructure and local asset renewal such as roads, foreshore, footpaths and buildings</li><li>Reduced processing times for Development Applications (DAs)</li><li>Increased resources for strategic town planning</li></ul>Historically, City of Canada Bay residents and businesses have paid lower rates on average than residents and businesses of our neighbouring Councils. Following this potential variation, that will still be the case.

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The City of Canada Bay Special Rate Variation - Online Community Forum

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