Dear Vincent community,
We’ve been working towards long term financial stability at the City of Vincent for several years now.
This budget is no different, as we face many of the same inflationary pressures being felt by our community and local businesses.
The City of Vincent has experienced a major increase in the costs of materials and contracts and, whilst staff numbers are stable, we need to meet moderate salary and super increases.
We’ve spent a lot of time to make sure the balance is right, so that we can deliver on our promises to the community while also maintaining a below inflation rate rise that keeps us amongst Perth’s lowest rating councils.
This budget prioritises the maintenance of our well-loved community facilities and parks, the places where many of us spend time keeping healthy and connected in our community.
This financial year, our rates increase by 4.5 per cent, compared to the Perth CPI increase at 5.8 per cent.
No new debt ensures we’re in top financial health to support the delivery of underground power to all residential streets and town centres.
Underground power will transform our neighbourhoods, with more tree canopy and new LED streetlighting. Vincent will also experience lower costs in power bills and tree pruning.
Our underground power financial model will provide residents with longer payback periods without additional rate increases. Beyond this, there are some great projects planned for this year, including multi-courts for netball at Robertson Park, a youth skate space in Mt Hawthorn and more work towards our new park, Haynes Street Reserve in North Perth.
And we are excited to be working on the future redevelopment of the Leederville carparks with the potential for revitalisation of our biggest town centre.
Our essential infrastructure such as roads, footpaths, drainage and playgrounds will continue to be maintained to a high standard.