This fact sheet summarises IPART’s decisions on council applications for special variations and minimum rate increases in 2015-16.
In our June 2015 Technical Paper1, we recommended that councils adopt a specific method to calculate the discount rate for use in net present value (NPV) modelling of contributions plans.
It is longstanding NSW Government policy for local councils’ general income to increase each year in line with council costs.
IPART requests councils to complete a Cost Survey that will be used to update the Local Government Cost Index (LGCI).
This Fact Sheet summarises water and sewerage prices, regulated by IPART, commencing on 1 July 2015 for Sydney Water, Hunter Water, Gosford City Council, Wyong Shire Council, and Essential Water customers.
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.