GMM residents: Get ready to tighten your belt…again
The draft budget, including the tariff structure for the new financial year, begins on July 1 after planning and consultation with communities and other stakeholders.
Consumers can expect steep rates and taxes increase this year. The Govan Mbeki Municipality is consulting with communities and stakeholders on its draft budget and draft Integrated Development Plan (IDP).
For the upcoming financial year 2024/2025, the municipality’s draft budget comprises R 3.1b for operating expenditure and R 117.6m for capital investment programmes.
The total operating income budget is R3.2b, resulting in an operating surplus of R 111.5m. The council will approve this budget before implementing it.
The draft budget, including the tariff structure for the new financial year, begins on July 1 after planning and consultation with communities and other stakeholders.
The proposed tariff adjustments for the financial year 2024/2025 are as follows:
• Property rates – 4.9%, as per the Consumer Price Index (CPI).
• Electricity – 9.86%, as per NERSA guidelines.
• Water and sanitation – 5.9%, as per Rand Water notice.
• Waste management – 4.9%. Refuse removal as per CPI.
• Miscellaneous – 4.9%, as per CPI.
After learning the outcome of public consultations, the council will consider approving the 2024/2025 Medium Term Revenue and Expenditure Framework (MTREF) in May.
The 2024/2025 indigent support scheme will offer free electricity of 91.45 units and free water of 343.65kl.
