News

Budget Update 2023/24

3 May 2023

Rising construction sector costs are having a big impact on our planned capital works program, including projects such as this one.

Cost escalations of around $130 million mean we can afford to deliver fewer projects, and as a result we’ll have to place a number of previously budgeted projects on hold for now.

Unfortunately, this project is one of those that has not been listed in our proposed budget for the next four years, meaning it is planned to be placed on hold.

We understand this is an important project for the Portarlington community.

We’re hopeful the state government’s $3 million commitment towards the reserve will be confirmed in its upcoming budget. If that happens, we’ll work with the government and the reserve tenants to determine which upgrades outlined in the master plan can be delivered with the available funding.

We have also received confirmation of $600,000 in federal government funding for a scoreboard and sports lighting upgrade, which will go ahead.

The proposed budget is available for community feedback and all members of the Portarlington community are welcome to have their say via https://yoursay.geelongaustralia.com.au/2023-24-BRRP

The City’s 2023-24 budget, revenue and rating plan

We are seeking submissions on Council's Proposed 2023-24 Budget, and Rating and Revenue Plan. Feedback closes 24 May, 2023.

yoursay.geelongaustralia.com.au

All of the projects placed on hold through our budget process will remain on our agenda and we’ll be looking to find ways to deliver them as soon as we can.