Local news

City increases tariffs in the 2024/25 financial year budget

The mayor highlighted the recent changes in the municipal leadership as a pivotal factor in the budget’s approval.

The City of Ekurhuleni’s budget for the 2024/25 financial year was approved at an extraordinary council meeting on Friday at the Alberton Civic Centre.

The approved budget includes an operating budget of R60b, marking a 9% increase from the previous financial year, and a capital budget of R2.9b, reflecting a 5.4% increase.

They also approved major tariff adjustments, including a 4.9% increase in assessment rates, a 9% increase in water tariffs, a 7% increase in sanitation, and varying increases for electricity tariffs ranging between 11.02% and 12.74%.

ALSO READ: City empowers young ECD teachers to celebrate Youth Month

The financial plan further includes providing free basic services to indigent households and various rebates for pensioners and low-income earners.

In light of these developments, the mayor, Nkosindiphile Xhakaza thanked the multi-party caucus for their unwavering support and cooperation in approving this crucial budget.

“Their commitment to the financial health and sustainability of our city has been instrumental in this progressive step towards improving the agility and restoration of quality service delivery in the city.”

The mayor highlighted the recent changes in the municipal leadership as a pivotal factor in the budget’s approval.
Last week saw the removal of the EFF’s Nkululeko Dunga as the city’s finance MMC.

“The decision to remove the MMC for Finance was not taken lightly, but it was necessary to address unforeseen misalignments and to ensure the swift adjustment and approval of our annual budget. This strategic move has paved the way for today’s success,” said Xhakaza.

Meanwhile, during the State of the City Address, Xhakaza highlighted six key pillars to propel the city forward.

In light of these developments, the mayor, Nkosindiphile Xhakaza thanked the multi-party caucus for their unwavering support and cooperation in approving this crucial budget.

ALSO READ: Parties have until June 12 to remove posters across Ekurhuleni – City

“Their commitment to the financial health and sustainability of our city has been instrumental in this progressive step towards improving the agility and restoration of quality service delivery in the city.”

The mayor highlighted the recent changes in the municipal leadership as a pivotal factor in the budget’s approval.
Last week saw the removal of the EFF’s Nkululeko Dunga as the city’s finance MMC.

“The decision to remove the MMC for Finance was not taken lightly, but it was necessary to address unforeseen misalignments and to ensure the swift adjustment and approval of our annual budget. This strategic move has paved the way for today’s success,” said Xhakaza.

Meanwhile, during the State of the City Address, Xhakaza highlighted six key pillars to propel the city forward.

Related Articles

Back to top button