Glenorchy City Council Delivers Debt-Free, Sustainable Budget for 2025/26
Glenorchy City Council has adopted its 2025/26 budget, delivering a strong focus on financial sustainability, eliminating debt, and boosting investment in key community priorities.
Council’s mission is to provide a wide range of services to businesses and the community, many of which are supported by strategies within the Strategic Plan.
The cost of delivering services continues to increase and Council is focused on maintaining a financially responsible position.
The 2025/26 Budget balances our growing infrastructure needs and complex external economic environment with ensuring our changing community demographic continues to have access to high quality services now and into the future.
The $82 million budget includes $48 million in rate revenue and a 4.95% average rate increase—about $1.85 a week for a median residential property.
Key features of the proposed 2025/26 operating budget estimates are:
- Operating Surplus $0.871 million
- Underlying Deficit $1.204 million
- Rate Revenue (net) $48.013 million
- Operating Revenue $83.093 million
- Operating Expenditure $82.222 million
- Depreciation and Amortisation $17.882 million
- Asset Writeoff and Disposal $2.075 million
- Capital Expenditure $31.869 million
- Average cash-cover 6.6 months
- No new borrowings
Budget Summary
2025/26 Capital Works Budget
For those doing it tough, Council’s Financial Hardship Policy continues to apply.
To read the 2025/26 Budget in full, please click on our Annual Plan below.