When the City's new 2010/11 budget comes into effect on 01 July 2010, it will bring further relief for many residents who have been struggling financially, but did not necessarily qualify to register as indigent residents with the City before. The City's 2010/11 budget of R23 billion, which was approved by Council on 25 May, focuses on stimulating growth and job creation, as well as providing more assistance to those Capetonians most in need. A total of R1,1 billion of the City's R23 … [Read more...]
New rates to be announced end of April
19 March, 2010 By Leave a Comment
Although the City of Cape Town's 2009 General Valuation Roll (GV2009) was certified by the City Manager on 29 January 2010, residents will only be able to calculate their new rates in late April. This is because the 'rate in the rand' is determined by full Council as part of its annual budget cycle. This is a separate process to the General Valuation, which is a process conducted by property professionals. Once the budget process is complete, the City will make a 'rates calculator' available … [Read more...]
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