In asset management we frequently discuss the balance of funding services and infrastructure. It is a balancing act that needs to be managed with caution. Many people consider that the theory is just that and then there was the City of Detroit. Detroit declared Chapter 9 bankruptcy July 17, 2013. But this did not happen overnight; it was a long term affair. ..
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The intent of service planning is to provide an overall picture of the services provided but more than this it is intended to align the services and the assets needed to provide the services and identify the funding required in the future to support the services. Should council need to adjust the service funding the service plans provide council with the options ..
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In Victoria, Council rates will be capped from mid-2016. In addition Councils will have to justify any increases above the inflation rate. “[T]his should not be seen as an opportunity to raise rates above inflation prior to the implementation of the rates cap … Unnecessary rate rises in 2015-16 may affect your eligibility for future rate cap exemptions,” s..
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In the past few months based on the requests of clients I have undertaken significant research into the use and implementation of service plans. To my surprise, despite councils being awarded core asset management the quantity and quality of service plans leave a lot to be desired. Service plans across Australia vary in content. It is clear based on observation t..
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