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Shire Defer Rates

Shire Defer Rates

Shire Lend Helping Hand During Tough Time

Ratepayers in the Corangamite Shire have received a helping hand to offset some of the economic effects of coronavirus.

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At their March meeting in Timboon, Councillors unanimously voted to defer and waive interest on rates due by 31 May until 31 July 2020 and to not apply a rate increase in the 2020-21 Budget.

They also voted to recommend $2.5 million be set aside in next year’s Budget to fund measures by close downs and job losses.

Mayor Neil Trotter said a significant downturn was looming and Council had an obligation to help residents.

“The omens aren’t looking good and I think we’re going to be in a period of downturn for quite some time,” Cr Trotter said.

“I think it’s fitting that we take this opportunity when we’re in the fortunate position of having been working on the Budget. We haven’t finalised that yet and we can go back and make some adjustments.

“It’s going to be very, very important for our community to do that. The savings we’re going to make are not inconsiderable but there is probably still going to be a lot of pain and we have to be prepared for that and I think the community has to be prepared for that. I can see unemployment figures blowing out exponentially in the area. We have to do what’s in our limited capacity to do.”

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