Along with other councils, George Town approved a Community Care and Recovery Package.

This included the zero per cent increase in general rates for the 2020/2021 financial year, among other measures.

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The package also reduces development fees and charges by 50 per cent for 12 months; this excludes state government and building surveyor fees.

According to the council report, this will stimulate development in the area.

The package will also provide $5000 to the $700,000 circular economy platform being developed by Northern councils among other key stakeholders.

The package also cites about $60,000 worth of initiatives through various media and community support programs.

All up the package will cost the council about $451,000; general manager Shane Power's report said the cost would be challenging but possible through sound financial management and cash reserves.

His report does cite, however the possibility of a $230,000 general rate increase within the next five financial years will be necessary.