10-Year Financial Plan endorsed by Council

Published on 27 October 2021

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Council’s Long Term Financial Plan (the Financial Plan) has now been adopted following support and commentary from the community.

The Plan considers both the current financial situation and future projections to support delivery of projects, initiatives and programs our community think are most important for our City over the next 10 years.

It will assist Council in its long term and financial planning to deliver Council services, maintain assets and achieve strategic objectives in a financially sustainable manner.

More than 335 comments came in from the community over two phases of engagement: the first considering revenue and spending and capital works priorities, and the second phase, which included a deliberative element, on the draft document.

During both of these conversations, resident feedback focused on supporting increased spending in areas such as community centres, early years, health and wellbeing and youth services as well as parks, open spaces, waste management, active transport and open space planning.

There was also an appreciation around the challenges of ‘balancing the books’ in the face of ratepayer demands for more and better services on a set income – especially given the impacts of COVID-19 – and an understanding of the role municipal rates play in the delivery of these services.

Over recent months, there has been a range of additional opportunities for the community to shape the Financial Plan and have their say on what matters most to them, including as part of conversations to inform the Council Plan 2021-2025, Budget and Revenue and Rating Plan.

Council is required under the Local Government Act 2020 to deliver a Financial Plan that covers a 10-year period.

For more information, and to read a copy of the Financial Plan, visit the website: www.maribyrnong.vic.gov.au/FinancialPlan

Message from the Mayor, Cr Michael Clarke

This important document will ensure we are well planned to deliver services that meet the needs of our community in a fiscally prudent way.

We thank residents who took the time to provide their feedback to ensure this Plan also reflects the needs and expectations of our community now and into the future.

Maribyrnong News

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