Council to balance budget with new Long Term Financial Plan
Published on 09 March 2021
City of Onkaparinga has adopted a new Long Term Financial Plan that will see council eliminate its deficit over four years, transitioning to a balanced budget.
The plan also sets future rate increases by CPI, with any decision to increase rates beyond CPI requiring consultation with the community about exactly what the funds would go towards, and ringfencing them for that use.
City of Onkaparinga Mayor Erin Thompson said she was proud of the commitment made to put the past behind and move forward as a financially responsible council.
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