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Annual Budget

Council's 2018-19 Budget was adopted at the Ordinary Meeting on 25 June 2018.

The Budget forms an integral part of Council's overall strategic planning framework and outlines the financial and non-financial resources required to implement the directions that have been established in the Knox Community and Council Plan 2017-21.

Council's Budget includes a rate increase of 2.25 percent, in line with the State Government's Fair Go Rates System.

Budget Highlights

  • $29.310 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
  • $65.689 million to be invested in new, upgraded and expanded community assets

The significant new projects for 2018-19 include:

  • $11.989 million to progress the development of two integrated early years hubs at Bayswater and Wantirna South
  • $5.678 million for the development of Stamford Park
  • $8.153 million for the Knox Central precinct (excluding the Knox Library)
  • $8.000 million for relocation of Council's Operations Centre
  • $6.500 million for the Henderson Road bridge
  • $6.639 million for new and upgraded recreational, leisure and community facilities
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