Freo's View

FREMANTLE’S BUDGET AT $ 90.98 MILLION

Posted in budget, city of fremantle, fremantle, local government, western australia by freoview on June 27, 2016

A specialĀ 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 Ā 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.

Roel Loopers

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