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Annual Budget

Annual Budget 2017-18

Council's 2017-18 Budget was adopted at the Ordinary Meeting on 26 June 2017.

Budget Highlights

  • $28.098 million for Capital Works renewal funding which is to be invested in maintaining and renewing existing community assets such as roads, footpaths, drains and buildings.
  • $53.892 million to be invested in new, upgraded and expanded community assets.

The significant new projects for 2017-18 include:

  • $19.335 million to progress the development of two integrated early years hubs at Bayswater and Wantirna South.
  • $7.645 million for the development of Stamford Park.
  • $8.585 million for the Knox Central precinct (excluding Library).
  • $2.500 million for redevelopment of The Basin Neighbourhood House.
  • $0.500 million for the Henderson Road bridge.
  • $5.118 million for replacement of components for all Council owned buildings based on Building Asset Management Systems.

This year's increase in rates income of 2.0 per cent is in line with the Victorian Government's rate cap.

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