Lake Macquarie City Council predicts $30 million in lost rate revenue across the next 10 years due to IPART rate peg of 0.7 per cent

Madeline Link
Updated April 4 2022 - 3:57pm, first published 5:30am
BUDGET BLOW: Lake Macquarie City Council chief executive Morven Cameron. Picture: Marina Neil
BUDGET BLOW: Lake Macquarie City Council chief executive Morven Cameron. Picture: Marina Neil

LAKE Macquarie City Council (LMCC) predicts it will be $30 million worse off across the next decade in lost rate revenue after independent pricing watchdog IPART set the rate peg at a meagre 0.7 per cent.

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Madeline Link

Madeline Link

Journalist

Madeline Link is a journalist at the Newcastle Herald, with a focus on Lake Macquarie City Council. To keep up with my stories, follow my Twitter @madeline_link, for tips email madeline.link@newcastleherald.com.au.

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