We are taking action to respond to the COVID-19 crisis and protect jobs and businesses.
With a total budget spend of $632 million, Lord Mayor Sally Capp said the City of Melbourne’s Annual Plan and Budget 2020—21 is designed to support ratepayers, strengthen the community and rebuild the local economy.
‘We are making a record $50 million investment in rate relief and stimulus packages to ensure our economy recovers as quickly as possible. We want businesses to thrive again, people back in jobs and the city back to being its vibrant best,’ the Lord Mayor said.
‘The COVID-19 pandemic has hit our city hard. Business and retail have been severely impacted, tourist visitation has plummeted, and international students are doing it tough.
‘We’re responding with a COVID-19 Recovery Budget — supporting jobs and businesses, protecting rate payers and rebuilding the local economy.’
The Lord Mayor said COVID-19 has had a combined impact of more than $100 million on Council’s 2020—21 Budget and rebuilding Melbourne’s economy will take time and hard work.
‘Years of disciplined financial management mean the City of Melbourne can step up in these unprecedented times,’ the Lord Mayor said.
‘This year, for the first time in more than 30 years, the Budget will have a deficit. We are deliberately investing in our community now so we can support businesses and deliver infrastructure and stimulus as a platform for recovery.
‘The City of Melbourne’s economy is the engine room of Victoria’s economy and when we are strong we know that Victoria is strong.’
Deputy Lord Mayor Arron Wood AM said the priority is to support struggling ratepayers, so Council is announcing a rate freeze as one of the ways it can really make a difference.
‘We are freezing rates with a zero per cent rate rise. In every announcement since the pandemic hit, we’ve focused on fixed costs for business and residents,’ the Deputy Lord Mayor said.
‘We’ve sought to reduce them wherever possible, while prudently maintaining a strong budget to enable stimulus investment.
‘This is a budget that puts people and businesses first by not increasing rates, and delivering essential services, programs and support packages so we can do our bit to rebuild the local economy.’
To read highlights of our Annual Plan and Budget, visit Budget.
Rates freeze for commercial and residential properties
Infrastructure: $175.8 million
COVID-19 Recovery Package: $50 million
Transport: $41 million
Climate action: $30 million
Major events: $16.4 million
Arts: $15.1 million
Community facilities: $12.5 million