2.5% rate rise, $14m in borrowings, $41m in capital works

A PROPOSED 2.5 per cent increase in total rate revenue, borrowings of more than $14 million, and a capital works program worth $41 million underpin the Rural City of Wangaratta’s draft 2019/20 budget.

Councillors are tomorrow night set to endorse and publicly release the draft budget for comment up until May 16.

Under the draft, council’s budget will have a total operating income of $66 million, with total expenditure of just over $63 million – including a $41 million capital works program – and a surplus of almost $3 million.

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