Conversation on funding the flood levee upgrade begins
Council has formally commenced a conversation with the wider community about how to fund an upgrade to Wagga Wagga's flood levee system.
Council is proposing a temporary increase in rates above the rate peg to fund Council's one-third, $7.75M share of estimated $23.3M upgrade
The one off increase would be maintained for five years only, and would only be able to be used to fund the levee upgrade project.
Under the proposed increase, property owners in the Farmland rate category will pay an additional 1.91% above the rate peg. Assuming a rate peg of 3% the total increase for Farmland properties would be 4.91%.
All other properties will see an increase of 4.1% above the rate peg. Assuming a rate peg of 3% the total increase for all rateable properties not in the Farmland category would be 7.1%.
The cost of the project is based on estimated provided by NSW Public Works to upgrade the Main City Levee to a 1 in 100 year level of protection and a potential upgrade of the North Wagga Levee to a 1 in 20 year level of protection.
For more information of the proposed increase in rates, the levee upgrade project and how you can discuss this proposal with Council, go to the Your Say project page: wagga.nsw.gov.au/srv