Rate peg set for 2023-24

Published on 30 September 2022

Council chambers - new columns

The Independent Pricing and Regulatory Tribunal of NSW (IPART) announced this week that it has set a 2023-24 rate peg for Kiama council of 5.1%.

IPART’s rate peg takes into account the annual change in the Local Government Cost Index (LGCI), which measures the average costs faced by NSW councils, in addition to a population factor based on each council’s population growth. 

The rate peg is the maximum percentage amount by which a council may increase its general income for the year.

More information on the rate peg and IPART’s methodology.