COVID-19 has had a major impact on our finances. Like many households, we’ve made – and will continue to make – savings to our day-to-day spending. And with ongoing growth, we need the right infrastructure in the right place at the right time to support it.
We’ve thought about what you’ve told us is important to you – delivering the basics and doing it better – and what we need to do to continue making progress.
We’re proposing a $13.1 billion budget over 10 years. We’ve set our core spending on infrastructure(external link) and facilities(external link) at $1.26 billion for the first three years of our Long Term Plan, ensuring we can do all the work we want to deliver in the timeframe we’ve set. By locking this in, we’re giving certainty to the construction and other sectors, and stimulating economic activity. Read more(external link).
We’re also spending $5.6 billion on day-to-day services the Council provides over the next 10 years. We’ve identified savings of $52 million to these operational costs – $18 million in this financial year alone, and additional savings of $34 million in 2021/22. Over the whole period of the Long Term Plan, we're proposing to save $329 million of operating costs.
Have we got the balance right? Have your say now(external link).