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    Rates to go up in Budget


ACT property rates will rise in the May Budget.

ACT Treasurer gave a strong hint at the rise in a weekend report (weekend 23-24 Apr).

Quinlan said that a declining property market meant less revenue from stamp duties, so he would be looking at other revenue measures.

He would cut some Public Service jobs to save money.

Nonetheless the Budget is expected to go into deficit.

The ACT is under strong pressure not to increase land tax, because it already is the highest in the country and NSW is looking at cutting its land tax. South Australia and Victoria have announced cuts to property taxes.

The Commonwealth has warned the states to abolish some business taxes or face cuts to their GST revenue.

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