The Overstrand Municipal Budget for the 2023/24 financial year was approved by Council on Wednesday, 31 May 2023.
The Council adopted it by a vote of 22 in favour to the ANC's four abstentions despite indicating their support for the budget.
The new municipal budget and tariffs and revised Integrated Development Plan (IDP) will be effective from 1 July 2023 to 30 June 2024.
Overstrand Executive Mayor, Dr Annelie Rabie, warned that it is going to be a tough year. She cautioned about the cost of supply of electricity that we need to implement this time next year. “Our electricity rates are not going to follow the known format and it is not going to be nice”.