This fact sheet provides information for councils and ratepayers about applications to increase minimum rates (MRs). It also describes some modifications to our assessment approach for 2020-21.
It is longstanding NSW Government policy for local councils’ general income to increase each year in line with council costs.
This fact sheet summarises IPART’s determinations for 13 council applications to increase rates by a special variation in 2019-20.
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.