The Independent Pricing and Regulatory Tribunal (IPART) has set the Rate Peg for 2014/15 at 2.3%. The rate peg determines the maximum allowable percentage increase in general income (mainly rates income) for most local councils in NSW.
IPART has made decisions about 24 applications from councils to general income (mainly rates income) by more than the rate peg from 2013/14. This release summarises our decisions.
Information Paper - 2012-13 Rate Peg - December 2011