CATEGORY YEARLY DECREASE WEEKLY DECREASE Quirindi Business $84 $1.61 Werris Creek Business $32 $0.62 Village Business $32 $0.62 Quirindi Residential $26 $0.50 Werris Creek Residential $19 $0.37 Village Residential $18 $0.35 Rural Residential $29 $0.56 Farmland $139 $2.68 In Scenario 2 the impact of a 12.5% rate increase on the average rate in the main categories is shown below: CATEGORY YEARLY INCREASE WEEKLY INCREASE Quirindi Business $261 $5.03 Werris Creek Business $99 $1.90 Village Business $100 $1.94 Quirindi Residential $82 $1.57 Werris Creek Residential $60 $1.15 Village Residential $57 $1.09 Rural Residential $90 $1.74 Farmland $436 $8.39 As can be seen above in Scenario 2 the increases per week equate in most cases to the cost of a cup of coffee or less. The business and farmland rates are also tax deductible so the impact is even less in those categories. These increases are considered to be reasonable when looking at a resident’s capacity to pay, the benefits to be received through increased roadwork upgrades and the higher level of average residential rates imposed by neighbouring Councils. 4. The Need for a New Revenue Path Cont’d For Scenario 3 the impact on average rates in 2018/19 year 5 would be as follows: –
CATEGORY YEARLY DECREASE WEEKLY DECREASE Quirindi Business $84 $1.61 Werris Creek Business $32 $0.62 Village Business $32 $0.62 Quirindi Residential $26 $0.50 Werris Creek Residential $19 $0.37 Village Residential $18 $0.35 Rural Residential $29 $0.56 Farmland $139 $2.68 In Scenario 2 the impact of a 12.5% rate increase on the average rate in the main categories is shown below: CATEGORY YEARLY INCREASE WEEKLY INCREASE Quirindi Business $261 $5.03 Werris Creek Business $99 $1.90 Village Business $100 $1.94 Quirindi Residential $82 $1.57 Werris Creek Residential $60 $1.15 Village Residential $57 $1.09 Rural Residential $90 $1.74 Farmland $436 $8.39 As can be seen above in Scenario 2 the increases per week equate in most cases to the cost of a cup of coffee or less. The business and farmland rates are also tax deductible so the impact is even less in those categories. These increases are considered to be reasonable when looking at a resident’s capacity to pay, the benefits to be received through increased roadwork upgrades and the higher level of average residential rates imposed by neighbouring Councils. 4. The Need for a New Revenue Path Cont’d For Scenario 3 the impact on average rates in 2018/19 – year 5 would be as follows:
Attachment_2_-_Final_Delivery_Prog_2014-2015.docx