Home → MEDIA RELEASE: Moonee Valley City Council Budget 2023/24

MEDIA RELEASE: Moonee Valley City Council Budget 2023/24

Published on Friday, 7 July 2023
Illustrations of a community, with roads, buildings, school children, sports ovals and facilities on a blue background with text that reads: Budget 2023-2024'

Moonee Valley City Council will deliver almost $52 million in capital works programs in 23/24 ranging from a library redevelopment, a pavilion upgrade, streetscape improvements and a Food Garden Organics (FOGO) bin program.

The Council adopted its 23/24 Budget last week. Mayor of Moonee Valley, Cr Pierce Tyson said the Budget delivers the projects most important to our community and provides critical community services to those who need it most.

“It is Council’s pledge to meet our City’s needs while being mindful of our social, political, economic and environmental responsibilities and the trust given to us by our community.”

Under the Budget, Council is guided by and compliant with the Victorian Government rate cap, with the average rate increase for all properties being 3.5%. The average general rate for residents will increase by $51 a year – or 2.98%.

“This year the Council will deliver $183 million in critical community services and enable Council to continue to provide vital services to our community.

“It ensures we can continue to maintain, upgrade and replace ageing infrastructure including sporting precincts, libraries, early years facilities, playgrounds, footpaths and roads. It also recognises the importance of our natural environment, and our commitment to reducing waste and lowering community carbon emissions.”

Highlights from the 2023/24 Budget include:

  • $5.13 million to the upgrade of the Ascot Vale Library
  • $3.1 million to Clifton Park pavilion rebuild and cricket nets
  • $2.2 million to roll out the Food Organics Garden Organics (FOGO) bin program
  • $1.94 million to improvements of Keilor Road streetscape

In line with the 2018 Council Strategic Resource Plan in the 2018/19 Budget, Council will continue to leverage loan borrowing to help fund planned capital works investments.

After careful consideration, the funding strategy was confirmed by the current Council when it unanimously adopted the 10-Year Financial Plan in October 2021.

Council only borrows money for capital works projects that will create intergenerational assets for our community, not operational costs. Borrowing has enabled Council to deliver long-term, intergenerational projects such as the Keilor East Leisure Centre and the Djerring Flemington Hub, due to open later this year.

Mayor Tyson said Council knows that times are hard for many residents.

“The approach taken reflects an understanding of the current climate. The budget process undertaken over an almost six-month period, is scrutinised, voted on by elected Councillors, and considers feedback gathered in community consultation. The 2023/24 Budget demonstrates a responsible approach to challenges currently faced by all levels of government.”

“Our community plays a critical role in determining how we direct our funding, and we are grateful to everyone who submitted their feedback on the draft budget earlier this year.”

In line with its hardship policy, Council is providing support for residents who are doing it tough, or just want to manage their home budget and smooth out their expenses.

To read more about the 2023/24 Budget, including frequently asked questions and an explanation on how rates are calculated, visit: https://mvcc.vic.gov.au/my-council/what-we-do/planning-for-our-future/#Council_Budget_202324 

 

-ENDS-

Media enquiries:

Tanya Tabone, Senior Coordinator Communications

Mobile 0484 010 461; Email: media@mvcc.vic.gov.au

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