RESIDENTIAL ratepayers will be hit with a rate hike of nearly 6 per cent if the Glenelg Shire Council’s 2014/15 draft budget is approved.
The commercial and industrial sector will be hit the hardest with its revenue stream to the council increasing by 13.01 per cent.
Under the council’s draft budget which was released for public comment on Tuesday night, rating agreements with the Port of Portland ($238,182) and Pacific Hydro ($205,488) will increase by two per cent each, while Portland Aluminium’s contribution will fall by 2.27 per cent to $4,302,909.
Overall the council expects to collect 4.48 per cent extra in rates next year, raising the total to almost $23 million.
The Glenelg Shire has revalued all properties for the 2014/15 financial year with January 1 2014 set as the valuation date. Overall shire values fell 1.85 per cent, but commercial and industrial properties increased 5.14 percent.
Apart from the rates increase, garbage collection charges for the 120 litre bins go up by $12 for the year to $252.
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