City of Hobart 2024-25 Budget

Budget 2024-25

The City of Hobart 2024-25 Budget was adopted on 24 June 2024.

In 2024-25, the City of Hobart is delivering a Budget that is focused on balancing the practical and strategic with the new and exciting.

This budget supports our Annual Plan which positions the organisation to deliver the basics better without forgoing opportunities to enhance the livability of our city.

The 2024-25 Budget focuses on financial sustainability, prioritising core services, maximising the use of external grant funding, and aligning investments with strategic priorities.

Highlights include:

  • Rates revenue: 5.0 per cent increase
  • Average Residential Ratepayer: 5.6 per cent increase*
  • Average Commercial Ratepayer: 5.8 per cent increase*
  • Operating Budget: $180.4 million
  • Underlying Deficit: $1.2 million
  • Surplus: $9 million
  • Australian & State Government grants totaling: $15.1 million
  • Capital works program: $35.8 million

*Average used are before State Government fire and landfill levies.

Please note that in 2024-25 we are having an underlying deficit of $1.2 million.

Related documents

Annual Plan 2024-25

Budget Estimates 2024-25(PDF, 2MB)

Long-Term Financial Management Plan 2023-33(PDF, 2MB)

Interim Strategic Asset Management Plan 2024-2034(PDF, 2MB)

Budget snapshot

Budget snapshot

2024-25 Budget snapshot(PDF, 188KB)

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