Our draft budget for 2023-24 is now open for public comment.
This budget has been designed to ensure long-term financial stability while preserving assets and services, accommodating growth, fulfilling our priorities and enabling a reset and recovery after the disruption of COVID-19.
A sound financial base is necessary to ensure we continue to deliver valued services and achieving a surplus was a key objective. This year’s budget includes a surplus of $18.37 million while also delivering $64.11 million in new infrastructure projects.
In developing the budget, we undertook a range of community engagement exercises and received significant feedback throughout the process, all of which was essential in helping to shape this budget. We thank everyone who made a submission.
Much of the feedback we received focused on parks and open space, roads and drainage, streetscapes and amenity, community services and facilities, active transport and waste services. In response to your comments we have prioritised spending in these areas.
Highlights of this budget include:
- completion of sporting facilities at the Percy Treyvaud Memorial Park
- significant investment to improve our streetscapes including Toorak Village and further masterplan development for Chapel Street
- the completion of redeveloped facilities at Toorak Park and Princes Gardens
- progressing stage one of the investment into the renewal of the Prahran Market
- continued investment in core infrastructure such as roads, footpaths, bridges and drainage works
- a program of works to review and better activate our community facilities and spaces
- planning for the future of sustainable transport options in Stonnington
- a proposal to enter into new commercial leases to maintain the currency of the rental portfolio
- updates to the waste collection fees and charges policy that will ensure fair distribution of charges based on services received
- finalisation of the garbage and recycling bin lid changeover project and facilitation of improved waste education.
Prior to the budget being presented to Council for adoption on 26 June 2023, we are now seeking one final round of community feedback. Feedback closes 30 May 2023.
Review the budget and give feedback
