Comments on: IPART to investigate councils’ financial modelling https://coastcommunitynews.com.au/central-coast/news/2024/03/ipart-to-investigate-councils-financial-modelling/ Independent News - Central Coast, NSW Australia Sun, 17 Mar 2024 08:47:06 +0000 hourly 1 https://wordpress.org/?v=5.7.11 By: Monty https://coastcommunitynews.com.au/central-coast/news/2024/03/ipart-to-investigate-councils-financial-modelling/#comment-12380 Sun, 17 Mar 2024 08:47:06 +0000 https://coastcommunitynews.com.au/?p=102748#comment-12380 The rate peg is designed to stop councils pillaging their constituents.
Its designed to be a protection. We are not responsible for councils shortcomings.
We are not stakeholders of the council we are consumers. Like all consumers we should not be financially responsible for the mistakes of others.
I understand that there was a 3 year rate hike and like all good Australians we should do our bit to improve the situation. However, I cant believe an “independent” tribunal increased it to 10 years. This just proves its about as independent as the industrial relations commission.
Which by the way also uses rate pegging at 2.5% per annum for wages. It appears they want it both ways.

If I was on a Council CEO salary of half a million per annum I would probably not mind a 15% rate rise. Especially if I get 500k for the next 5 years. I think the current Prime Minister is more in touch with Australians than this lot and that’s saying something.

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