City of Joburg's Finance MMC tables R89bn budget
JOHANNESBURG - Johannesburg Finance MMC Margaret Arnolds has tabled an R89 billion budget for the upcoming financial year.
Arnolds delivered her maiden budget speech in the council in Braamfontein this morning.
Electricity and water remain the metro's biggest sources of revenue, with property rates and taxes also bringing in some money.
Despite ongoing challenges with revenue collection, the City of Johannesburg has proposed an increased budget, rising from R83 billion to R89 billion.
READ: CoJ wants to incerase electricity surcharge to R270 a month
The primary driver of this growth in total revenue is the rise in service charges, mostly for water and electricity.
Additional increases in refuse collection fees and property rates have also contributed to the city's boosted revenue.
Finance MMC Margaret Arnolds has confirmed that the budget is fully funded.
'Revenue for 2025/26 reflects a 9.3% increase compared to the previous year. This increase is primarily driven by service charges, which account for the largest share of the city's revenue base.'
She says the city now has to focus on boosting its revenue collection efforts.
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