16.4.2 The Efficiency of those Funding Mechanisms
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The specific mechanisms for rating Project Watershed, including the differential rating systems, are considered to be efficient with no significant extra cost for small rates. There is limited additional cost for maintaining the differentials, and land area and capital value provide low cost, stable bases. Council has all the information required to implement the proposed system.
Council considered that in terms of section 122H(b) of LGAA the proposed rating system will be efficient.
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