Casey City, located in Victoria, is experiencing a remarkable population surge. Estimated at nearly 430,000 in 2025, the population is projected to increase to approximately 615,000 over the next two decades, with significant growth expected in the areas of Clyde and Clyde North. This rapid expansion is reflected in the city’s recent budget reports, which illustrate a rise in revenue from about $720 million to an anticipated $930 million within the next decade.
The budget outlines significant spending, with allocations for roads, waste management, new facilities, and upgrades to existing services. In the current fiscal year, expenditures are expected to approach $540 million, escalating to over $700 million in ten years. While initial projections suggest surpluses of around $180 million in the coming years, the financial landscape is precarious.
Despite the promising revenue figures, the city has reported an underlying deficit of over $10 million this year. The budget forecasts indicate modest surpluses in the near term; however, the margins remain slim. Rate capping imposed by the State Government, limiting revenue growth to 3 per cent, poses a challenge as inflation currently sits at 3.8 per cent. This situation complicates the council’s ability to manage costs effectively, particularly as many local government expenses are increasing at rates higher than the consumer price index.
Balancing Growth with Financial Stability
In the upcoming capital works budget of $124 million, over half will be allocated to new facilities, while the remainder will focus on renovations and upgrades to existing infrastructure. State and Federal grants play a crucial role in supporting Casey’s financial health; however, these funds are variable and often contingent upon the priorities of the current government.
Forecasts indicate that grant receipts could rise from $106 million to $126 million over the next decade, but the reliability of these figures remains uncertain. Additional revenue sources, such as fees, fines, and charges, are also essential for maintaining budget equilibrium.
The city’s workforce is projected to decrease from 1,421 full-time equivalents to 1,298 within the next two years, with staffing levels expected to stabilize thereafter. Despite this reduction, the wage bill is forecasted to increase from $150 million to $186 million during the same period, alongside a rise in external contracts from $125 million to $186 million.
To mitigate financial pressures, Casey City is investing in new technologies and a customer service model designed to enhance community engagement without compromising essential services.
Strategic Priorities for Future Development
The council’s leadership has committed to an ambitious five-year program focused on key areas including transport, community safety, health and wellbeing, arts and events, sports, sustainability, and fostering a vibrant business environment. Casey’s councillors and officers are advocating for necessary services and funding at all government levels to ensure that the city can continue to be a diverse, healthy, and welcoming place for families and businesses alike.
As Casey City continues its growth journey, the balance between community aspirations and fiscal responsibility will be critical. The future trajectory of this rapidly expanding region depends on strategic planning and prudent financial management.
