Councils will be able to increase the revenue they can collect from rates by a maximum of 2.7% in 2019-20 under the rate peg announced today.
IPART has set the 2019-20 rate peg for NSW councils at 2.7%. This fact sheet presents further information relating to the setting of the 2019-20 rate peg.
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.