In recognition of cost of living pressures facing the community, the budget freezes the rate in the dollar for the fifth consecutive year and removes all outdoor dining fees on the city’s hospitality industry.
It also invests heavily in street upgrades and greening projects across the city as part of ensuring that Adelaide remains one of the world’s most liveable cities.
“The first Budget of the new Council reflects the priorities we were elected to deliver on behalf of our community,” the Lord Mayor said.
“I’m confident that we have crafted a balanced Budget which will support the city’s continued economic and cultural growth.
“It contains a range of initiatives that promote increased private investment, attract more visitors, help to grow our residential population and support jobs growth.”
Funds have been allocated to:
- Develop master plans for three prominent precincts – Melbourne, O’Connell and Hutt Streets;
- Deliver tree planting and street greening projects in the city’s south west and north west areas;
- Boost activations, festivals and events across the city
- Reinvigorate the highly successful Splash Adelaide program which works with the community to bring the city’s spaces to life through innovative activations, events and projects;
- Improve community access to the Adelaide Park Lands with upgrades to facilities, accessibility and landscaping;
- Progress the next stage of the redevelopments of Eighty Eight O’Connell Street and the Central Market Arcade;
- Support key partners including Renew Adelaide, Study Adelaide and the Adelaide Convention Bureau to help boost business growth and innovation opportunities.
The Lord Mayor said Council had done everything possible to minimise cost impacts on ratepayers.
“We have carefully reviewed all of our fees and charges and kept increases to a minimum wherever possible.
“Following an increase in most property values, Council has determined that the increase in the average rates payable for residential and non-residential properties will be 1.86 per cent.
“This is at the lower end of increases across SA metropolitan councils in 2019-20.”