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The NSW Government has appointed the Independent Pricing and Regulatory Tribunal (IPART) to make decisions on the maximum amount NSW councils can collect in general revenue through an annual 'rate peg'.
When council's wish to set higher charges through special rate variations above the annual rate peg, this is done by submitting an application to IPART for review and assessment.
Rate pegging is the amount that is set by the NSW State Government through IPART for how much each local government area can increase their rate levies for the coming year based on the Local Government Cost Index (LGCI).
The rate peg for the past three years has been: 2016-2017 - 1.8% 2015-2016 - 2.4% 2014-2015 - 2.3%
The estimated rate peg for 2017-2018 is 2.5%
You can read more about NSW Rate Pegs at the IPART Website: Rate Pegging