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Glen Eira seeks rare rate hike exemption to raise taxes nearly 5% to fix $57M shortfall, risking services if unaddressed.
The City of Glen Eira in Melbourne is seeking a rare rate cap exemption to raise property taxes by nearly 5% in 2026-27, exceeding Victoria’s 2.75% limit, to address a $57 million budget shortfall.
The move follows plans to sell its struggling Warrawee aged care facility, which faces a $5.5 million annual deficit and increased national regulatory demands.
Without action, council reserves could fall from $67.4 million to $10.9 million by 2034-35, threatening essential services.
The proposed rate hike could generate $3 million annually, though some councillors oppose it due to cost-of-living concerns.
If approved, Glen Eira would become the first metropolitan council to use a cap exemption, following 17 others—mostly rural—whose applications are under review.
Glen Eira busca una rara exención de aumento de tasas para aumentar los impuestos casi un 5% para corregir el déficit de $ 57 millones, arriesgando los servicios si no se abordan.