Residents of Cape Town have until 5 May 2023, to comment on the City's 'Building Hope' Budget for the 2023/24 financial year:
Residents of Cape Town have until 5 May 2023, to comment on the City’s ‘Building Hope’ Budget for the 2023/24 financial year.
Additionally, the draft budget recommends providing about R4.3 billion in rates and services relief, which is approximately R500 million more than the current financial year.R4,3bn social package: up from R3,75bn in 22/23, with R1,96bn in rates rebates and R2,37bn in indigent relief. More pensioners and social grant recipients will benefit from rate rebates: by raising the upper qualifying limit from R17 500 to R22 000 total monthly household income.
Lifeline tariff changes: Customers consuming more than 350 units currently pay R3,71 per unit, but with changes to the Lifeline tariff structure, they will now pay R1,84. Lifeline customers do however still need to be mindful that the Block 1 threshold was raised to 600 units to allow people to use more during winter months, and that an average monthly consumption limit of 450 units still applies over a 12-month period to remain in this tariff category.
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