Sources of revenue Rating Income from rates generally forms the largest single portion of a Council’s total overall revenue. Rating income is generated from four rating categories, being farmland, residential, mining and business. Maitland City Council’s rates base consists of approximately 36,679 rateable properties, encompassing the residential, farming, business and mining sectors. Although rates income is the largest revenue stream for Council, it comprises approximately half of Council’s total revenue in any year. For 2022/23, Maitland City Council’s total adjusted budgeted revenue is $161.1 million (excluding non cash developer road and drainage dedications), of which $78.2 million is generated from rating revenue. Council’s ordinary rating revenue as a proportion of total revenue (excluding non cash developer road and drainage dedications) estimated for the next four years is as follows: Ordinary Rates as a Proportion of Revenue
YEAR
PERCENTAGE (%)
2023 (projected)
56.7
2024
54.6
2025
54.4
2026
55.1
RESOURCING STRATEGY 19
