Wollongong City Council has rejected a proposal to increase property rates in 2025. The decision comes after a review of financial options to address budget shortfalls. The council considered a rate increase as one possible solution but opted against it.
The proposal would have raised property rates by approximately 2.5 percent. Council members cited the potential impact on residents and the availability of alternative funding sources. A spokesperson stated the council prioritized maintaining affordability for local households.
This decision follows a broader financial strategy to stabilize municipal services. The council has been reviewing its budget for the next fiscal year and has explored various revenue streams. No immediate plans for rate increases are expected. The council will continue monitoring financial performance and may revisit the issue in future sessions.
