Devonport City Council will consider the formal adoption of its 2025/26 budget at the upcoming Council meeting on Monday night. With Devonport experiencing substantial growth and economic confidence in recent years, the budget will see Council continuing to invest significantly to ensure momentum in the region's largest City continues.
The budget includes new capital expenditure of $36.6 million, adding to approximately $24 million of projects currently funded and underway, resulting in Council investing a massive $60 million into the local construction sector for the 2025/26 year.
The budget is based on a General Rate increase of 3.5% for the financial year, continuing a trend over the last decade of relatively modest increases.
With an estimated total income of $54.87 million, the budget anticipates a net operating surplus of $1.21 million. Excluding the non-cash share of profit from the Dulverton Regional Waste Management Authority, the estimated surplus reduces to $0.185 million.
Expenditure is budgeted at $53.67 million to fund essential operating services, including road maintenance, waste management, open space and reserves, community programs, and arts and culture.
The provision of 533km of roads, footpaths and a growing shared pathway network remains Council's largest expense, requiring about 22% of total rate income. The chart below details the planned expenditure for every $100 of rate income.
