27 March 2020, 10:54 PM
The Lismore City Council had an extraordinary meeting yesterday afternoon to address what can be done to help residents in these unusual coronavirus times.
At the conclusion of the meeting it was decided that Lismore City Council will reduce fees and defer the commencement of interest on overdue payments by 60 days as part of a range of measures to help residents and businesses affected by the COVID-19 pandemic.
Council will also hold a workshop next week on the financial impact of deferring interest charged on overdue rates for a period of up to 15 months.
Council voted unanimously at an extraordinary on 27 March to implement the following measures:
Lismore Mayor Isaac Smith said Council had chosen not to borrow funds at this stage to provide rate relief with Council acknowledging that it is not in a position to increase borrowings.
The Mayor said Council would lobby state and federal governments to provide much-needed funding.
“Council will seek support from the state and federal governments to provide relief to residents and businesses. Council does not have sufficient cash reserves to waive or defer rates and we must continue delivering essential services,” he said.
“Council understands that the current COVID-19 crisis is having devastating impacts on businesses and families, and we have implemented measures to ensure we do not further disadvantage those who are already struggling.
“We are eager to hear the announcements by the Federal Government around further support for businesses including measures to protect commercial tenants.”