HEIDELBERGER EDITION
HEIDELBERG • IVANHOE • EAGLEMONT • ROSANNA • MACLEOD • YALLAMBIE • VIEWBANK • WATSONIA Local and Independent. Not associated with any other publication in this area.
Phone: 1800 231 311.
‘The Local Paper’ is published by Local Media Pty Ltd
www.LocalPaper.com.au WEDNESDAY, NOVEMBER 25, 2020
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$12.8 MIL SURPLUS FOR BANYULE CITY Average resident pays $1866.49 for Banyule rates
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■ BANYULE CITY Council achieved a higher-than-expected $12.8 million surplus on its 2019-20 budget, it was revealed this week.
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The Council tabled its 2019-20 Annual Report at a meeting on Monday, chaired by newlyappointed Mayor Cr Rick Garotti. Income was significantly reduced by 8.48 per cent, and interest income was down by 35.44 per cent. Total cash holdings including term deposits are $110.93 million. Average rate assessments in Banyule is $1866.49, the report states. Banyule now has a population of 131,631, the report states. Older residents aged 50 and over maked up 36 per cent of Banyule’s population. Largest growth areas for population are forecast to be3 Heidelberg and Ivanhoe.
● Cr Rick Garotti, Banyule Mayor
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