SINGLETON Council voted at its Monday night meeting to support a rate increase for the next financial year of 7.3 per cent although five per cent of that increase is still before the Independent Pricing and Regulatory Tribunal (IPART) waiting approval
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Council will take up the maximum rate pegging increase of 2.3 per cent as approved by the New South Wales Minister for Local Government (LGA).
But it will have to wait for the IPART approval before it incorporates the other five per cent increase.
The money raised from this part of the rate increase will be purely spent on road infrastructure within the Singleton Local Government Area.
It is expected the five per cent increase will raise around $700,000 each year to be directly allocated to transport works which Council say they could not afford to undertake without the extra funding.
