The City of Launceston has voted for an increase to general rates and charges of 2 per cent, or 1.7 per cent after remissions.
This will lead to an underlying surplus of $1.3 million and a capital works program of more than $26.5 million.
Launceston mayor Albert van Zetten said the council was well aware of affordability issues in the community, as well as spikes caused by property revaluations.
“We've tried to limit the impact of the new valuations through the use of differential rates,” he said.
“Across the board, we have attempted to ensure increases in rates are significantly lower than valuation increases people may have seen for their properties.”
Ald van Zetten said the 2017-18 budget was aimed at keeping rates as low as possible for all property owners, while allowing the council to provide services, facilities and infrastructure upgrades for the betterment of the entire Launceston municipality.
“With a capital works program of more than $26 million, there are many exciting projects the council will be rolling out in the year ahead, including major projects like the North Bank redevelopment, Macquarie House redevelopment, Civic Square redevelopment, Ravenswood skate park upgrade, Newstead flood levee and many more.”