City Of Johannesburg Tables Its R65 billion Draft Budget

THEBE MABANGA

THE CITY of Johannesburg has tabled for comment its draft budget for the next two years, proposing an 8.5% increase in revenue from R 61.7 billion this year to R 64.8 billion in the 2020/2021 financial year, which starts in July.

The City proposes to raise expenditure from R 59, 9 billion to R 62 billion, an increase of 5.7%.

Overall expenditure, which includes internal expenditure, will rise by 5.1% from R67.8 billion to R70.5 billion.

The council expects to be left with surplus of R2.7 billion and when grants are included, this rises to R 5.3 billion.

The draft budget was tabled alongside the city’s Integrated Development Plan and tariff increases proposals. Residents have until 23 June to submit comment online or by delivery to regional offices.

The City proposes an average rate increase of 4.8% for the next two years, slightly down from 4.9%.

The City