48.3% Rate Rise Endorsed in Heated Council Meeting
Glen Innes Severn Council has adopted a revised Long Term Financial Plan (LTFP) that includes a cumulative 48.3% Special Rate Variation (SRV) over three years, subject to approval by the Independent Pricing and Regulatory Tribunal (IPART). The decision was made during a highly contentious council meeting on Thursday, 19 June 2025. The General Manager described the vote as "probably the most important decision this council will make for a very long time", as the council seeks to address a forecasted $4.7 million deficit and long-term financial challenges. Financial Review Sparks SRV Proposal The proposed SRV follows findings from a Financial…
