Inflationary pressures could spell disaster for local government budgets across NSW

The existing approach to rate pegging means there's no rainbow, let alone a pot of gold, beyond the storm, Cr Shultz says.

Lake Macquarie City Council (LMCC) councillors have unanimously expressed concerns regarding the existing rate-pegging methodology that is imposed on all 128 councils in NSW given the rapidly changing and unprecedented economic environment in which costs are rising across all areas of the economy.

Many of these costs are directly affecting council services across all councils in NSW.