THE Rural City of Wangaratta council has proposed to raise rate revenue by five per cent, under its 2013/14 draft budget seen by the Wangaratta Chronicle this afternoon.
The draft proposes a capital works program of $17 million, which is $2 million up on last year.
And certain to bring a smile to cattle producers is the allocation of $2.2m towards redevelopment of the city’s saleyards, to provide soft flooring and overhead roofing to ensure the well-being of stock, and patrons alike, and keep the facility modern in the increasingly competitive marketplace.
The big ticket item is to be funded by a $1.7m loan, while $500,000 will be sought from the State Government.
Council will publicly release its draft budget for comment at a special meeting, opened to the public, at the council office from 7.30pm next Tuesday.
See Monday’s edition of the Wangaratta Chronicle for more details on the draft budget.