City of Palmerston has released its draft Long Term Financial Plan 2020-2029 (LTFP) for public comment.

The document details Council's future financial operations including rates, services, infrastructure replacement and renewal, loan indebtedness and Council’s financial sustainability over 10 years.

The LTFP also considers the outcomes that the Palmerston community has identified as important in the draft Community Plan; a 10-year strategic plan designed to align Council’s services and priorities to that of the community. 

The key focus of the LTFP has been the delivery of our vision of Palmerston as ‘A Place for People’. To achieve this, Council will invest $94.7 million into capital projects during the life of the plan, to rejuvenate assets and provide new social infrastructure.     

One of the key initiatives is Pr6ject, a suite of six transformative projects that respond to the current and future needs of the Palmerston community and improves the level of amenity to locals and visitors.

We are committed to ensuring Council delivers quality services and infrastructure to the community in a sustainable and sensible manner. Financial sustainability is a key concern for any Council, and it is imperative that City of Palmerston remains financially sound, to ensure a continued high level of service. 

Consultation

The consultation was open for public feedback for a three week period, from Wednesday 20 February to Wednesday 13 March 2019.

Council adopted its Long Term Financial Plan at its ordinary meeting on Tuesday 16 April 2019. 

Key documentation

Long Term Financial Plan 2020-2029 
Draft Long Term Financial Plan 2020-2029