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Budget
Every year Council updates a rolling 4-year budget, describing in more detail the services and initiatives from the Financial Plan that Council will fund over the next 4 years.
Budget 2025-26
We are proud to present the Budget for the 2025-26 financial year to our community.
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Budget 2025-26
The budget allows us to fund the works required to deliver services and maintain, upgrade and replace infrastructure.
The final Budget was shaped by community feedback gathered over a 4-week consultation period in May.
With a focus on early years education, learning, recreation, sustainability, and safe travel, the budget ensures that every resident, from newborns to pensioners, have access to the services they need most.
Key projects in this year's budget include:
- renewing local roads and local area traffic management – $5.54 million
- drainage improvement works - $3.60 million
- Ascot Vale Library redevelopment - $1.58 million
- building renewals and upgrades - $1.79 million
- Early Years Building Blocks program - $1.0 million.
The budget also provides funds to address sustainability and the climate emergency, including:
- $1.80 million for tree planting to cool and green the city
- $1.49 million on greenhouse gas emission reduction initiatives, including a Gas Boiler Conversion program, and
- $2.75 million to transition Council’s fleet to electric vehicles.
Rates, fees, and charges
As with every organisation’s budget, each financial year brings changes, which includes our Council rates.
For most residents, your rates will increase by an average 3.00%. This increase is in line with the Victorian Government’s 3.00% mandatory rate cap.
Each year the Victorian Minister for Local Government sets the rate cap amount based on the forecast Consumer Price Index (CPI) and advice from the Essential Services Commission (ESC).
For the 2025-26 financial year, the Minister has set the rate cap at 3.00%. The Minister announced the rate cap on 23 December 2024.
The state government rate cap applies to the Council’s total rate revenue only - not individual properties. Individual rates bills may increase or decrease by more (or less) than the capped rise amount due to their valuation movements.
For further information on how rates are calculated, visit Calculating Rates (localgovernment.vic.gov.au)
Residential rates for households will increase by an average 3.00% per cent.
It is up to each individual council to determine their rates, based on what they are planning to deliver to their community.
Every year we invite all residents, businesses and stakeholders to take part in the community consultation on the budget.
Everyone was invited to take part in the community consultation on the budget, and we promoted this widely around Moonee Valley with postcards, posters, newsletter content, email alerts, social media content and website updates.
We invited feedback on the draft budget from 1 to 28 May 2025, then heard formal budget submissions at a Council meeting on 12 June 2025. The submissions and feedback from community members were considered as we developed the final budget.
A freeze on rates would significantly impact Council’s ability to deliver on services to our community, including home and community care for elderly and disabled residents and child and maternal health care.
A freeze would also impact Council’s capital works program including improvements to local roads, the Early Years Building Block program, sportsfield renewal and upgrade works, and the planting of street and park trees to cool and green the city, among other projects. Finally, it would impact Council’s ability to carry out important maintenance works including to footpaths, drainage, parks and gardens, sportsgrounds and facilities.
Waste charges have increased by 0.45%, which means residents will pay a total of $415.30, or $385.30 if you are an eligible recipient pensioner under the State Concessions Act 2004 over the course of the financial year. This charge covers services including weekly garbage collection, fortnightly recycling bin collection and processing, hard waste collection, and other services such as street cleaning. The charges are based on a cost recovery basis. This increase also reflects the increased landfill levy by the Victorian Government.
Moonee Valley City Council waste charges have been in effect since 2014-2015.
Residents can set up a payment plan and pay smaller amounts more regularly. We also have a hardship policy. If you would like to access these options, please contact our Civic Centre customer team on 9243 8888 to discuss how we can help you find the right support options.
Debt and borrowings
Loan borrowing is an effective financial management tool when used to fund major projects as it disperses the cost of such asset investments across a number of generations who will benefit from the investment.
Council will only borrow to fund intergenerational capital projects and never borrow for operational purposes, such as salaries and other operating costs.
In 2018, the previous Council adopted a Strategic Resource Plan as part of the 2018-19 budget adoption. The Strategic Resource Plan leverages loan borrowing to help fund planned increases in capital works investments - particularly major projects that will benefit future generations of the Moonee Valley community.
This funding strategy was again confirmed by current Council when it unanimously adopted the 10-Year Financial Plan as required by the Local Government Act in October 2021.
Council only borrows money for capital works projects that will create intergenerational assets for our community, including the development of the Keilor East Leisure Centre and our Djerring Flemington Hub.
The Victorian Auditor General’s Office (VAGO) advises a debt management ratio to assist in the assessment and endorsement of Council borrowings. This ratio is graded from low risk to high risk.
Moonee Valley City Council is in the low-risk category which is the best possible rating.
Rate revenue, along with government grants, statutory fees and fines and fees and charges, forms part of the total income that allows Council to pay down operating and capital costs, including the repayment of borrowings.
General
There are a few ways you can access the budget:
- download the full Moonee Valley City Council Budget 2025-26 (PDF, 2.7MB)
- watch the budget meeting livestream on our Youtube channel
- visit our team at the Moonee Valley Civic Centre to request a copy
- phone us on 9243 8888 to request a hard copy and we'll post it to you.
We would love for you to be involved and have your say. Here’s how you can participate:
- chat to your local Councillor
- subscribe to our online newsletter and we will send you regular updates on Council news throughout the year
- head to our ‘Have your say’ page to view all opportunities to provide feedback. You will be able to submit your feedback by completing a short survey or by email to yoursay@mvcc.vic.gov.au
- if you would prefer a hard copy, we will have feedback opportunities available through our libraries, kinders, direct to your home if you are an aged care client, or by calling us on 9243 8888 and we can send you a feedback form.
Past budgets
Other strategies and plans
Council is required to have a range of different plans and strategies under a number of different pieces of legislation.