Annual Budget

Each year we develop a budget which provides funding for over 200 services to the local community as well as building and upgrading millions of dollars’ worth of capital works including managing our ageing assets.

Proposed 2017/18 Proposed Budget

The public exhibition and consultation period for our 2017/18 Proposed Annual Budget (pdf, 4MB) closed on Sunday, 14 May. Thank you to everyone who provided input. We are now reviewing the feedback to inform the final Annual Budget.

A Special Committee of Council will consider formal submissions made during the public exhibition period at 6pm on Tuesday, 6 June 2017 at the Civic Centre, 9 Kellaway Avenue, Moonee Ponds. Council will then consider adopting the final 2017/18 Annual Budget at its Ordinary meeting, commencing at 6.30pm on Tuesday, 27 June 2017.

In 2017/18, we plan to deliver more than $150 million towards a range of important services, programs and infrastructure, including investing $29.9 million into capital works projects. A breakdown of capital works spending includes:

  • $6.79 million to upgrade our local road network and improve traffic flow and safety.
  • $3.09 million for parks, open space and streetscapes.
  • $4.6 million to build community infrastructure on school grounds under the Governments shared facilities fund.
  • $646,000 for new books and library resources, including new furniture for patrons.
  • $1.90 million to improve our aquatic facilities.
  • $1.25 million for footpaths and walking and cycling paths.
  • $5.57 million to improve recreational, leisure and community facilities.

In order to fund these important services, programs and infrastructure improvements, the proposed rate rise for 2017/18 is 2 per cent and is in line with the current Victorian Government’s rate cap.

2016/17 budget

Our 2016/17 budget was adopted at the Ordinary Meeting on 24 May 2016. It strikes a common-sense balance between delivering essential community services and infrastructure, while being financially prudent.

Take a look at:

Budget highlights

  • $31.5 million capital works program to build new and improved community facilities and infrastructure, including a major focus on improving facilities to promote female participation in sport  
  • $5.43 million to upgrade our local road network and improve traffic flow and safety
  • $5.44 million for parks, open space and streetscapes
  • $1.1 million for footpaths and walking and cycling paths
  • $19 million to support families and young children through maternal and child health programs, immunisation and support for parents and carers
  • $12.15 million to help senior residents remain safely in their homes and local communities
  • $5.22 million for library and learning services for more than 56,000 library members, including more than one million loans of books and other items, public internet access, story time sessions, school holiday programs and computer and cyber safety classes for people of all ages
  • $909,000 to support the local economy through business development programs, including training, events and marketing Moonee Valley as a thriving visitor and shopping destination

This year's increase in rates income of just 2.5 per cent is in line with the Victorian Government’s rate cap. Unlike a number of other Victorian councils, we have chosen not to seek a higher rate increase through the Essential Services Commission.

Developing our budget

Every year we prepare a budget that is guided by the priorities set out in our Council Plan - a legal requirement for all councils. 

Councillors attend workshops with staff to work out how much money is required to meet community needs and deliver vital services.

The Strategic Resource Plan 2015/16 - 2018-19 (docx, 74kb) sets a financial framework which shapes the annual budget. The plan, which was adopted during the development of the Council Plan in 2013 has been updated to incorporate years 2015/16 – 2018/19. 

How we calculate your rates

  • The total amount we need to collect in rates is divided by the value of all properties in the local area. This is how we calculate the rate in the dollar.
  • The rate in the dollar is then multiplied by each property value. This is how we calculate each property’s rate change.
  • The State Government Fire Services Levy is then added onto the rates notice as well as the new Garbage Charge.

Anyone having difficulty paying their rates can contact us for advice and assistance.

General revaluations

Every two years we have a statutory requirement to conduct a review of property values based on market movements and recent sales trends. This is not a revaluation year, valuations will be as per the General Revaluation dated 1 January 2016 (as amended by supplementary valuations).

When conducting valuations we must follow a statutory process set out in the Local Government Act and the Valuation of Land Act (1960). Our valuers undertake a physical inspection of properties across the municipality. Properties are conservatively assessed in recognition of changes in market forces. We also regularly reassesses property values when individual households have undergone improvements, upgrades or renovations. These are called supplementary valuations.

More information

For more information about our annual budget, contact our Finance Manager on 9243 8888 or email

Last updated: Tuesday, 13 June 2017, 10:39 AM