MARLENY ARNOLD
IN its R73.3-billion budget statement for the 2021/22 financial year, the City of Joburg has attempted to strike a balance between the needs of residents and the institution’s ability to provide services, considering continued Covid-19 impacts.
The budget comprises R65.1-billion in operating expenditure and R8.2-billion in capital expenditure (capex). This while the medium-term budget to 2023/24 allows for a R25.5-billion capex budget.
Finance MMC Jolidee Matongo says the metropolitan has endeavoured to effect minimal tariff increases for 2021/22.
For the 2020/21 financial year, property rates were increased by 4%; in the new financial year, property rates will increase by only 2%.
Matongo says this is in line with heeding the call from ratepayers against an increase and, simultaneously, also considering the reality of having to ensure that the city has the revenue to continue delivering services to residents.
The electricity tariff increased by 6.2% in the 2020/21 financial year, while the
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Start your free trial today.
Start your FREE trial nowNeed help? molokom@insideeducation.co.za
