Annual Budget

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Following two community conversations to inform its development, the Annual Budget 2024/25 has now been endorsed.

Council will spend $140.4 million to fund the delivery of essential services, facilities, and infrastructure. 

Of the allocated $140.4 million, $80.13 million is dedicated to capital works, while just over $60 million is allocated to ensure the continued delivery of essential services and programs across the municipality. This includes support for maternal and child health, immunisation services, arts and cultural experiences, library and community centre events.

Capital works funding for the 2023/24 Annual Budget includes:

  • Major Projects: $18.077 million
  • Roads and Footpaths: $21.327 million
  • Bike Infrastructure: $959,000
  • Aquatic and Leisure Centres: $9.763 million
  • Sport and Recreation Facilities: $4.017 million
  • Parks and Gardens: $8.610 million
  • Public Realm and Streetscape Upgrades: $4.633 million
  • Early Years and Young People: $2.481 million
  • Community Centres Arts and Libraries: $4.533 million
  • Drainage: $321,000
  • Laneways: $735,000
  • Other Items: $4.676 million

Other prior commitments to be delivered include:

  • Civic Precinct and Community Hub ($11m): The redevelopment of the iconic Footscray Town Hall into a public community and civic precinct.
  • Maribyrnong Aquatic Centre Splash Park ($8m): The design and installation of a new splash park at the Centre.

Changes to rates

There will be a 2.75% increase in total rates revenue collected, in line with the rates cap allowed for by the State Government