Council considers new rating system
By ALLAN McNEILallanm@gladstoneobserver.com.au
A NEW differential rating system may be on the cards for Gladstone residents.
Gladstone City Council has accepted 'in principle' a new differential rating system to be applied for the upcoming financial year.
However Gladstone City Council chief executive officer Julie Reitano would not say how the new rating system would differ.
'I can't say because it's all still subject to budget deliberations,' Ms Reitano said.
However Ms Reitano said residents had a large input in the new rating system with a public notification period providing several suggestions for a fairer system.
The issue of rates increases came to the fore after new land valuations were handed out by the Department of Natural Resources in May.
Rates are connected to the un-improved land value of properties.
However some locals have been calling for Gladstone to adopt an equalised or capped rating system.
At present Gladstone City Council does not cap rates so properties with higher values attract higher rates.
Ms Reitano said residents' concerns were taken into account during the rating system review.
'This follows on from the call for submissions from the public in February, to which there were a number of submissions received by council,' Ms Reitano said.
Gladstone City Council will consider the new rating system during its budget meeting at the end of the month.