local government RATE PEG
IPART determines the rate peg that applies to local government rate income. A fact sheet on our role in local government rate setting and special variations is available here.
Rate Peg - 2014/15
IPART has announced that the rate peg to apply in the 2014/15 financial year will be 2.3%. For more information on the Local Government Rate Peg, see the Information Paper, Fact Sheet and Media Release.
- The rate peg for 2014/15 was determined by IPART using a Local Government Cost Index and a productivity factor. We have also made an adjustment for the carbon price advance that was included in the rate peg in 2012/13.
- The Local Government Cost Index increased by 2.8% in the year to September 2013.
- We deducted a productivity factor of 0.2% to get an unadjusted rate peg. We then deducted 0.3% to adjust for the remainder of the carbon price advance that was bought forward into the 2012/13 rate peg.
Under the Local Government Act, councils are able to seek additional increases in general income beyond the annual rate peg, by applying to IPART for a ‘special rate variation’.
Local Government Cost Index
The Local Government Cost Index (pdf 458.9KB) was developed by IPART, following a survey of councils by IPART in 2010. For more information on the Local Government Cost Index click here.
Enquiries regarding income setting and the annual rate peg may be directed to:
Michael Seery at Michael_Seery@ipart.nsw.gov.au or by telephone (02) 9290 8421
Kumi Cuthbertson at Kumi_Cuthbertson@ipart.nsw.gov.au or by telephone (02) 9290 8479
Dennis Mahoney at Dennis_Mahoney@ipart.nsw.gov.au or by telephone (02) 9290 8494