Metro announces no increase in property rates

He tabled the 2017/18 IDP draft budget at the Ke Ditselane Village in Katlehong today (May 25).

READ: EFF motion delays Ekurhuleni budget

The budget is made up of generated revenue of R26.2-billion, grants of R5.4b and assessment rates of R5-b.

The budget is based on an expected growth rate of 0.9 per cent for property rates and refuse removal.

This is how you will be affected:

• Electricity tariffs will increase by between 1.8 per cent and 2.2 per cent. The National Energy Regulator of South Africa approving a 7 per cent tariff increase for Eskom’s bulk purchase for municipalities. The difference will be absorbed through energy efficiencies and the introduction of measures to curb energy loss.

• Water tariffs increase by 10 per cent

• Sanitation tariffs rise by 9 per cent

• Waste management services will rise by 7.5 per cent

There are no increases for:

• No increase in property rates

• Cemetery and crematoria, library and information services, library auditoriums, use of arts, culture and heritage facilities, and hire of parks

Xhakaza announced a 23 per cent rise in the capital expenditure budget to R6.4-b with a R20-b allocation over the next five years.

The repairs and maintenance budget goes up by 14 per cent to R3.4-b.

More details to follow.

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Benoni City Times

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