MEDIA RELEASE2017-18 RATE PEG FOR NSW LOCAL COUNCILS29 November 2016Continuing low inflation and minimal growth in council costs will limit the increase in the general income local councils can recover to 1.5% in 2017-18.
The Independent Pricing and Regulatory Tribunal (IPART) has set the rate peg for 2016/17 at 1.8%. The rate peg determines the maximum allowable percentage increase in general income for most local councils in NSW.
