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Budget

2024/25 Budget

At its 28 May 2024 meeting, Council adopted its budget for the 2024/25 financial year.

You can read:

Community consultation to inform out 2025/26 budget is already underway, get involved on Shape Monash.

2023/24 Budget (in place until June 30 2024)

At its 30 May 2023 meeting, Council adopted its budget for the 2023/24 financial year.

For more information, please read the Adopted Budget 2023/24(PDF, 5MB)

Revenue and Rating Plan

At its meeting on 29 June 2021 Council adopted its Revenue and Rating Plan 2021-2025.

Previous budgets

Budget 2022/23

Budget 2021/22

Budget 2020/21
Budget 2019/20
Budget 2018/19
Budget 2017/18
Budget 2016/17
Budget 2015/16
Budget 2014/15
Budget 2013/14
Budget 2012/13

Budget 2021/22

At its 29 June 2021 meeting, Council adopted its budget for the 2021/22 financial year.

Budget 2021/22(PDF, 5MB)

Budget 2020/21

At its 25 August 2020 meeting, Council adopted its budget for the 2020/21 financial year.

Budget 2020/21(PDF, 8MB)

Budget 2019/20

At its 25 June 2019 meeting, Council adopted its budget for the 2019/20 financial year.

Budget 2019/2020(PDF, 3MB)

Budget 2018/19

At its 26 June 2018 meeting, Council adopted its budget for the 2018/19 financial year.

Budget 2018/2019(PDF, 4MB)

This budget:

Funded substantial renewals and upgrades to important community facilities such as the Oakleigh Recreation Centre; the Caloola Reserve multi-sport pavilion and tennis courts, and upgrades to facilities at Pinewood, Brentwood and Southern reserves
Improved renewal of Council’s core assets of footpaths, roads and drainage
Maintained Council’s position of being debt-free since 2015

Budget 2017/18

At its 27 June 2017 meeting, Council adopted its budget for the 2017/18 financial year.

Budget 2017/2018(PDF, 8MB)

Highlights of the budget included:

A $45.3 million capital works program, the largest-ever program of community infrastructure upgrades in Monash
A proposed 2% rates increase (an increase of $27 over the year for the average Monash homeowner). This was in keeping with the State Government’s cap on rates increases
A proposed $50 Council rates discount for pensioners, in addition to the State Government pensioner rates rebate (which was about $221).

Budget 2016/17

At its 28 June 2016 meeting, Council adopted its budget for the 2016/17 financial year.

Budget 2016/17(PDF, 6MB)

Key features of the Budget included:

More than $42 million allocated for improvements to community infrastructure, the largest-ever Monash Council capital works program
Money for a new multi-level carpark in Atkinson Street, Oakleigh, to address a parking shortage. There were also funding increases for footpath repairs, children's playgrounds, sports pavilions and cycling/pedestrian paths
Monash continued to have the lowest-average rates of all 79 Victorian councils
A rates increase of 2.5% was implemented, which worked out to be an extra $33 over the year for the average residential ratepayer. This 2.5% increase was in keeping with the State Government’s cap on rates increases
A rates rebate of $50 was provided to Monash's 13,000 pensioners, in addition to the State Government's pensioner rate rebate of $218.30

Budget 2015/16

On 30 June 2015, Council adopted its 2015/16 budget.

Budget 2015/16(PDF, 7MB)

Key features of this budget included:

About 13,500 Monash pensioners received a $50 rebate from Council on their annual rates bill. Together with a $213 State Government rebate, this helped reduce the financial pressures for people on low incomes.
Monash retained its position as having the lowest-average rates of all 79 Victorian councils
Rates were increased by 6% for residential properties, equating to $75 over the year
Rates were increased by 11% for commercial and industrial properties. This higher rating level was aimed at ensuring the rates burden was shared equally. Over the previous five years, the value of residential properties in Monash had increased significantly in proportion to the value of commercial and industrial properties. This resulted in residential ratepayers contributing a larger proportion of rates revenue than commercial and industrial ratepayers
The rates increases helped ensure Council could maintain existing services while also meeting the infrastructure needs of a growing community. There were increases in funding for infrastructure that we all use, such as footpaths, roads and drainage

As of 1 July 2015, Council was debt-free for the first time in its 21-year history. This put Council in a strong financial position ahead of the State Government's introduction of rates capping in the 2016/2017 financial year.

Budget 2014/15

On 24 June 2014, Council adopted its 2014/2015 budget.

Budget - 2014/15(PDF, 5MB)

It was a back-to-basics budget which boosted spending on core community infrastructure such as parks, bicycle paths and recreation facilities.

This budget:

Cemented Monash as having the lowest-average rates of all 79 Victorian councils
Funded exciting new projects including a major children's playground, the first Council-funded synthetic sporting pitch and the installation of energy efficient street lighting across the whole city
Created a Debt Management Reserve which would see Monash pay down its $15 million accumulated debt within four years
Established a Development Reserve for Council to draw from in future years to fund major projects of long-term benefit to the community