A special council meeting of the City of Fremantle will be held this Wednesday to debate the budget for 2016/17, so here some figures that might interest the community.
The total budgeted expenditure for Fremantle for 2016/17 will be $ 90.98 million. This will be funded from the following revenue resources:
$ 42.49 million in general rates, $ 32.60 million of other operating revenue, $ 4.10 million of capital grants and contributions, $ 4.79 million in new loans and borrowings, $ 31.85 million disposal of assets(transferred tp Reserves), $ 6.70 million of surplus cash, $ 6.50 million Reserves.
The general rate increase will be 3% and minimum rate increase will go from $ 1,222 to $ 1,259 in next financial year’s budget.