Rate peg nsw

Since 1977, certain council revenues (known as general income) have been regulated in NSW under an arrangement known as 'rate pegging'. Rate pegging   12 Sep 2019 IPART has set the 2020-21 rate peg for NSW councils at 2.6%. This media release presents further information relating to the setting of the  11 Sep 2018 Councils will be able to increase the revenue they can collect from rates by a maximum of 2.7% in 2019-20 under the rate peg announced 

The rate peg is determined by IPART each year and it sets the maximum increase to general income NSW councils can collect. The main component of general income is rates revenue. Councils have discretion to increase general income up to the rate peg, by less than the rate peg or not at all. • The rate peg is applicable to a Councils total rate income not to an individual rate account although there were a couple of years in the early 1980’s where it was a limit per rate account. • In NSW Rate Capping refers to the capping of individual rate accounts but has been in some years also incorporated into the rate pegging scenario can raise from certain rates and charges is limited. This is called the rate peg percentage. The rate peg is determined on an annual basis. Because of rate pegging, a council’s overall rates revenue cannot increase by more than the approved percentage increase. Rate peg for NSW councils for 2015/16 2 December 2014 IPART is responsible for setting the rate peg for NSW councils each year. For 2015/16, we have set the rate peg at 2.4% based on the change in the Local Government Cost Index and an adjustment for a productivity factor. Fact sheet – Rate peg for NSW councils for 2014-15 – December 2013 (pdf 89KB) Fact sheet – Our role in local government rate setting and special variations – October 2013 (2) (pdf 268) Download below Presentations from the Gwydir Shire Community Meetings: Coolatai Community Meeting presentation (pdf – 314KB) Click on the links below for information about rating and revenue including Special Variation and Minimum Rates Guidelines. Application forms for a special variation to general income or to increase the minimum rate above the rate peg are located on the IPART website.

The rate peg is set by IPART each year by measuring changes in the Local Government Cost Index (LGCI), which includes changes in 26 cost components to establish the average costs faced by councils. Councils will be invited to participate in updating the LGCI in November 2019.

2018-19 RATE PEG FOR NSW LOCAL COUNCILS. Councils will be able to increase the revenue they collect from rates by up to 2.3% in 2018 19 under the rate peg announced today by the Independent Pricing and Regulatory Tribunal (IPART). IPART has set the 2020-21 rate peg for NSW councils at 2.6%. This media release presents further information relating to the setting of the 2020-21 rate peg. The rate peg is set by IPART each year by measuring changes in the Local Government Cost Index (LGCI), which includes changes in 26 cost components to establish the average costs faced by councils. Councils will be invited to participate in updating the LGCI in November 2019. The rate peg is based on the change in the Local Government Cost Index (LGCI) and consideration of a productivity factor. The LGCI is a price index for councils in NSW.

19 Oct 2018 Chair of Uralla NSW Farmers speaks against Uralla council rate rise during drought.

The rate peg is set by IPART each year by measuring changes in the Local Government Cost Index (LGCI), which includes changes in 26 cost components to establish the average costs faced by councils. Councils will be invited to participate in updating the LGCI in November 2019. The rate peg is based on the change in the Local Government Cost Index (LGCI) and consideration of a productivity factor. The LGCI is a price index for councils in NSW. 2020-21 rate peg for nsw local councils Councils will be able to increase the revenue they can collect from rates by a maximum of 2.6% in 2020 21 under the rate peg announced today by the Independent Pricing and Regulatory Tribunal (IPART). • Rate pegging was introduced in NSW in 1977 • Both major political parties have indicated they continue to support rate pegging • The rate peg is applicable to a Councils total rate income not to an individual rate account although there were a couple of years in the early 1980’s where it was a limit per rate account. Media Release - 2018-19 Rate Peg for NSW Local Councils - 28 November 2017. 2.3%. The rate peg determines the maximum allowable percentage increase in general income for local councils in NSW. The NSW Independent Pricing and Regulatory Tribunal determines the rate peg amount for councils. For 2019-20, the rate peg is 2.7%. This means that Council’s rate base can increase by 2.7% (excluding additional properties).

rate-capping policy by the NSW Government which imposes upper limits on aggregate set according to the 'rate peg' determined annually by the Independent.

Media Release - 2018-19 Rate Peg for NSW Local Councils - 28 November 2017. 2.3%. The rate peg determines the maximum allowable percentage increase in general income for local councils in NSW. The NSW Independent Pricing and Regulatory Tribunal determines the rate peg amount for councils. For 2019-20, the rate peg is 2.7%. This means that Council’s rate base can increase by 2.7% (excluding additional properties). The rate peg is determined by IPART each year and it sets the maximum increase to general income NSW councils can collect. The main component of general income is rates revenue. Councils have discretion to increase general income up to the rate peg, by less than the rate peg or not at all. • The rate peg is applicable to a Councils total rate income not to an individual rate account although there were a couple of years in the early 1980’s where it was a limit per rate account. • In NSW Rate Capping refers to the capping of individual rate accounts but has been in some years also incorporated into the rate pegging scenario

The primary purpose of the rate peg is to protect ratepayers from excessive increases in their IPART has set the 2020-21 rate peg for NSW councils at 2.6 %.

The Independent Pricing and Regulatory Tribunal of New South Wales (IPART) is an increase in local government general revenue (rate peg), determine special rate variations and review Council development contributions plans. Review  IPART has set the 2020-21 rate peg for NSW councils at 2.6%. We calculated the rate peg for 2020-21 by taking the increase in the LGCI to June 2019 of 2.6%. The primary purpose of the rate peg is to protect ratepayers from excessive increases in their IPART has set the 2020-21 rate peg for NSW councils at 2.6 %. GOV.AU. 12 SEPTEMBER 2019. IPART has set the 2020-21 rate peg for NSW councils at 2.6%. We calculated the rate peg for 2020-21 by: Taking the increase   Since 1977, certain council revenues (known as general income) have been regulated in NSW under an arrangement known as 'rate pegging'. Rate pegging   12 Sep 2019 IPART has set the 2020-21 rate peg for NSW councils at 2.6%. This media release presents further information relating to the setting of the  11 Sep 2018 Councils will be able to increase the revenue they can collect from rates by a maximum of 2.7% in 2019-20 under the rate peg announced 

can raise from certain rates and charges is limited. This is called the rate peg percentage. The rate peg is determined on an annual basis. Because of rate pegging, a council’s overall rates revenue cannot increase by more than the approved percentage increase. Rate peg for NSW councils for 2015/16 2 December 2014 IPART is responsible for setting the rate peg for NSW councils each year. For 2015/16, we have set the rate peg at 2.4% based on the change in the Local Government Cost Index and an adjustment for a productivity factor. Fact sheet – Rate peg for NSW councils for 2014-15 – December 2013 (pdf 89KB) Fact sheet – Our role in local government rate setting and special variations – October 2013 (2) (pdf 268) Download below Presentations from the Gwydir Shire Community Meetings: Coolatai Community Meeting presentation (pdf – 314KB) Click on the links below for information about rating and revenue including Special Variation and Minimum Rates Guidelines. Application forms for a special variation to general income or to increase the minimum rate above the rate peg are located on the IPART website.