This week the Barkly Regional Council decided to review all its rates, fees and charges as a result of the coronavirus hardship being felt by its residents.

Many councils across Australia have opted for a rates freeze for an indefinite period until the current crisis has passed.

The NT Government has also moved to freeze government fees and electricity prices.

This week in announcing many closures of its businesses like the visitor's centre and swimming pool, Katherine Town Council suspended all interest on outstanding rates balance and cessation of any rates related legal action up to at least June 30.

Short of announcing a possible rate freeze, the council said "a more detailed announcement would be made at a later date" about how it could support for business, the local economy and the community.

Annual six per cent rate rises are proposed for Katherine over the few years as it continues to build to $40 million in reserves to both pay for a new rubbish tip and close the old one.

Council has about $24.5 million invested with banks.

The final instalment for this year's rates is due next week.

While it closed many of its facilities, the Katherine council did not specify any job losses as a result saying it "will also be exploring ways to redirect staff into essential business support for our community".

The council has a workforce of about 60, outdoor and indoors.

The NT Government last week urged local councils to consider their own economic stimulus packages.

Council has several major projects already funded and overdue such as the sportsgrounds updates and CBD rejuvenation.

Barkly Regional Council this week decided to fast track any major works which "could stimulate the local economy" and review its rates, fees and charges were to be reviewed.

Barkly will not charge interest on rates from April 1 and interest will not be charged for overdue rates.

Barkly council will also provide a three month extension on the rates currently due.

"Council will review the situation in June and consider further extensions if necessary."

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