THE 2016/2017 DRAFT Annual Budget and Draft IDP review for Overstrand Municipality was tabled on 30 March by Executive Mayor Nicolette Botha-Guthrie and is available to the local community for representations and comment. The total consolidated budget for the coming financial year is R1,151 billion.
The Capital Budget amounts to R76 million of which R54,9 million has been appropriated for the development of infrastructure.
The increased operating budget is R1,075 billion.
The affordability of tariff increases are of utmost importance to the municipality and the level of services versus the associated cost is a constant consideration.
It should be noted that the proposed tariff increases in service charges, excluding electricity, have been kept below current inflation as measured against the South African Reserve Bank’s latest inflation targets of 6,6 %. Property rates increases by 7,2 %.