This fact sheet summarises IPART’s Determinations for 13 council applications to increase rates by a special variation in 2018-19.
This fact sheet provides information to councils that are considering applying to IPART to increase the minimum rate in a particular rating category above ‘the statutory limit’.
It is longstanding NSW Government policy for local councils’ general income to increase each year in line with council costs.
IPART has released a final technical paper about the financial modelling of local development contributions. The final technical paper explains how councils should select a discount rate when they use a Net Present Value (NPV) methodology.