The debate continues within ratepayers correspondents. The front line distress is that “ it will come from the general rate pool!,”
It costs approximately $543,366 to operate Cityprom which is currently borne by the 452 businesses that operate in the Launceston CBD.
It is proposed to transition this cost to the general rate base. It is considered that it would cause too great a financial shock to ratepayers if the Council sought to re-structure the funding of Cityprom in one financial year.
Accordingly, it is recommended that the re-structure be staged over four financial years, commencing in 2022/2023.
This would see the CBD businesses receiving a rate REDUCTION over the three year period until the amount is evenly distributed amongst the rate-base.
Financial modelling has demonstrated that this financial re-structure can be accommodated largely in accordance with the Council's Long Term Financial Plan projected rate increases over the period.
It is disgusting. There should be a referendum on the matter at the next year's elections.
Ratepayers should ring or email the councillors they voted for and tell them in plain English what they think about this outrageous money grab and then tell them what they think of them.
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