Rate rises loom after funding shock

Key points

• NSW councils have been given their 2027-28 rate pegs, with Wollongong's set at 4.5 per cent, one of the higher figures in the state. The peg caps how much general income councils can raise from rates, but does not set individual bills.
• Wollongong City Council is also fighting a proposed 67 per cent cut to its grants, worth $16.1 million a year, and has warned of possible rate rises, job losses and reduced services.
• Shellharbour, Kiama and Shoalhaven also received rate pegs of 4.3, 3.7 and 3.9 per cent.