LONG-TERM PLAN: The Port Lincoln City Council’s newly adopted long-term financial plan, which will go until 2026, highlights more than $22 million in asset and infrastructure costs.THE Port Lincoln City Council’s newly adopted long-term financial plan, which will go until 2026, highlights more than $22 million in asset and infrastructure costs.
The council voted on the revised financial plan at its meeting on Monday night, which will be integrated with the council’s strategic directions plan and infrastructure and asset management plan.
The new long-term financial plan aims to fully fund the council’s projected asset and infrastructure renewal costs of more than $22 million for the 10-year period.
Rate revenue increase settings have been identified at 2.9 per cent for 2016/17, 2.1 per cent in 2017/18, 2.6 per cent in 2018/19 and 3.3 per cent in 2019/20 and future years.
This forecast reflected the city’s anticipated growth, together with the local government price index.
“The new plan also allows for very significant new and upgrade infrastructure project investments of nearly $21 million, including the acquisition, refurbishment and on-going capital renewal of the leisure centre,” mayor Bruce Green said.
The plan also includes an additional $2.5 million in road resealing works over a 10-year period and $2.5 million in unallocated capital works in the latter five years.
Arguments for and against the financial plan were expressed during the council’s Monday meeting, including those about the council’s infrastructure.
Though not voting against the plan, councillor Jim Papazoglov brought up the ongoing work needed for the Port Lincoln jetty and swimming enclosure, with ongoing work affecting the structural integrity of the jetty.
In opposition to the plan, councillor Diana Mislov said she had concerns about the content of the infrastructure and asset management plan and mirrored concerns Mr Papazoglov had about the jetty.
“With the town jetty site, who knows how much it’s going to cost us and I fear for future commitments because of that,” she said.
“Grants are the only hope we have to affect services to the community without resorting to rate rises.”
Councillor Linda Davies also voiced similar concerns raised during the debate about the leisure centre refurbishment, arguing that taking $5 million in revenue over the next 10 years would put home-owning families in a really struggling condition.
Both councillors Danny Bartlett and Travis Rogers expressed support and said this was a good plan, based on the best information available at the moment.
Borrowings of $6.2 million and $2 million have been included in 2015/16 and 2016/17 respectively.
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