The City of Hobart has shared its 2022-23 Budget, with a record $72 million outlined for city infrastructure, including commitments to asset and road renewal projects.
Hobart Lord Mayor, Anna Reynolds, said the budget was responsible and balanced to build “city-shaping infrastructure” and to boost the city’s creative and events calendar.
“We’re building momentum to create a better connected, more dynamic city that delivers initiatives to make the Hobart Community Vision come to life,” Mayor Reynolds said.
From the $72 million, $34.5 million will go to asset renewal projects and $10 million of which will be committed to road renewal projects.
Budget allocations also include an investment of $3.7 million in city safety and cleaning, and $2.2 million in events, festivals and activations.
“Alongside our Annual Plan, this budget is designed to deliver a city for all people, and improve what matters to residents, businesses, and visitors,” Mayor Reynolds said.
With a modest increase in rates of only 2.27 per cent, the City of Hobart budget seeks to alleviate additional cost-of-living pressures on ratepayers, and provide a surplus of just over $500, 000.
Tasmanian Finance and Government Committee Chair, Alderman Marti Zucco, said Hobart’s opportunity right now is to “support innovation and prioritise opportunities to shape a prosperous, sustainable, and liveable city”.
“We’re creating a Hobart that is better for the now and is future-ready.”
The full budget estimates will soon be available on the City of Hobart website.
