The 2023/24 budget was approved by Council at the 26 June 2023 meeting. The budget funds essential programs and services whilst responsibly setting a sound base for our future economic sustainability. Council’s 2023/24 budget has been developed to align with Council’s new Strategic Plan and Annual Plan to deliver on what’s most important to the people of Glenorchy.
Key points in the 2023/24 Council Budget
- Operating Deficit $1.301 million
- Underlying Operating Deficit $3.639 million
- Rate Revenue $43.138 million
- Operating Revenue $72.814 million
- Operating Expenditure $74.115 million
- Depreciation and Amortisation $18.845 million
- Asset Writeoff and Disposal $2.338 million
- Capital Expenditure $32.686 million
- Cash Balance at 30 June 2024 $19.3 million
- No new borrowings
We are delivering infrastructure for our growing City:
- Tolosa Park Dam Redevelopment (Stage A)
- Benjafield Playground major upgrade
- Redevelopment of 10 local playspaces
- Replacing 9km of footpaths
- Intercity shared pathway Sunderland Street crossing improvements
- Resurfacing up to 12km of roads
- Flood protection projects at Dooleys Avenue and Chandos Drive
- New Town Rivulet estuary restoration project
We are investing in and supporting services our community needs and deserves:
- Improving the cleanliness of our CBDs by increasing graffiti removal, litter pickup, street sweeping and footpath cleaning
- Working with government agencies and community organisations to deliver programs that aim to improve youth and community safety, resilience and engagement
- Actively contributing to housing supply in the City through surplus land disposal and rezoning
We are investing in and delivering major projects that have attracted state and federal grants:
- Giblins Reserve Playspace
- North Chigwell Junior Soccer Club
- KGV Soccer Football Park