Revenue and Rating Plan

The Local Government Act 2020 requires each council to prepare a Revenue and Rating Plan (the Plan) to cover a minimum period of four years, following each Council election.

The purpose of the Revenue and Rating Plan is to determine the most appropriate and affordable revenue and rating approach Council in conjunction with other income sources will adequately finance the objectives and actions of the Colac Otway Shire Council Plan.

This plan will outline the revenue needed to fund Council services and activities and how the funding responsibility will be apportioned between rate payers and users of Council facilities and services. In particular, the Plan sets out the system of, rates and charges adopted by the Colac Otway Shire (The Council) for the purposes of allocating the required rates contribution across the municipality on the most appropriate and affordable basis.

The Plan also includes Council’s approach to fees and user charges, operating and capital grants, cash contributions and other non-rate revenue.

Council needs to procure a qualified consultancy to undertake a comprehensive review of Councils approach to rating and revenue and develop a plan that ensures that Council has a way forward in terms of being able to fund regular operations as well as the objectives set out in the Council Plan.