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Prospect budget adopted - there is something for everyone!

On 23 June 2020, Council endorsed the 2020/2021 Annual Business Plan & Budget.

This Budget process developed during COVID-19 has been very difficult but has resulted in both stimulus and restraint.

Council has its lowest rate increase in 20 years, while ensuring a bold capital works program of $5.8 million.

This year’s average rate increase of 1.9% is lower than the current Adelaide CPI of 2.4% and much lower than the 3.04% that the Long Term Financial. This equates to a $36 per year increase to the average ratepayer.

“In this budget there is something for everyone. Prospect is still able to demonstrate leadership through its $5.8 million Capital Works Program while keeping the rate increase at a historic low,” said Mayor David O’Loughlin.

Some key initiatives, in addition to roads, footpath and kerb and gutter constructions, include:

  • Open Space Upgrades:
    • Charles Cane / Parndo Yerta Reserve
    • Vine Street Plaza
    • Prospect Gardens / Narnu Wirra Playspace
  • Churchill Road Stage 3 Upgrade
  • Farrant Street and Alexandra Street Stormwater Diversion
  • Nailsworth Hall Upgrade
  • Broadview Oval / Yarnta Tutu yarta Concept Plan
  • Green Tunnel program
  • Strategic Plan development
  • Major Event/Series of events
  • Creating a French Quarter Plan
  • Broadview Oval Masterplan

Find out more