Grafton business rate cut proposed
GRAFTON businesses may benefit from a new rate structure.
In a report prepared for Clarence Valley councillors, six different rate options are proposed to bring the local area in alignment with the latest 2.6 per cent rate peg increase.
If councillors opt to follow the advice of council staff and adopt option six of the report, it will mean Grafton business rates will be collectively reduced by $150,00, leaving other areas to pick up the tab.
Council’s deputy general manager Rob Donges said all six options included in the potential rate structures would be increased by 2.6 per cent.
“The recommended option reduces the amount of money we are going to raise from Grafton business by $150,000 and collects the shortfall by increasing rate yield from all other categories excluding Grafton residential,” he said.
The proposed rate structures have been deferred to next Tuesday’s full council meeting for consideration.
Potential 2010/11 rates structure
- Reduce yield from Graftonbusiness by $150,000 and reallocate proportionally to all other rating categories (based on rate levy) except Grafton residential.
- Farmland rating – combine the farmland sugar cane sub-category with farmland category to form one farmland category with a base amount of $330.
- Residential (outside town areas) – maintain current minimum rate of $419.
- Combine residential sub-category Maclean/Townsend with Lawrence and maintain minimum rate of $419.
- Combine residential sub-category C (Iluka) with residential sub-category D (Yamba and Wooloweyah). Increase base amount to $230.
- No change to Grafton residential sub-category.