Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

City Ratepayers Face 2.39 Per Cent Rate Increase

Christchurch City Council ratepayers face an overall rate increase of 2.39 per cent for the coming year.

This figure was released in the Council’s draft annual plan today and the chairman of the Council’s Strategy and Resources Committee, Cr. David Close, said that the figure was slightly lower than the 2.47 per cent predicted in last year’s plan.

“As a result of the funding policy, which allocates costs to different rating sectors, the residential rate increase is marginally higher at 2.56 per cent. For the median residential property ($142,000) the increase is 37 cents a week, he said. For a residential property at the upper end of the market ($400,000) the increase is $1.02 a week.

“The commercial-industrial rate increase is lower at 0.17 per cent. Rural ratepayers face an increase of 11.7 per cent,” he said.

Cr. Close hoped that rural ratepayers would remember they had a rate decrease last year.

He said the draft annual plan departed from the provisional decision of the Council to allocate $75 million to the debt repayment reserve.

Allocating the larger sum ($100) to the debt repayment reserve gave ratepayers a more immediate benefit, he said.

“It can, in effect, pay for the capital costs of both the art gallery and the wastewater treatment upgrade,” he said.

The Council’s financial strength was consolidated by the creation of an endowment fund with initial capital of $75 million, he said.

“Given the return of capital funds from Orion and the savings made from the efficiency review, some ratepayers will ask, quite understandably, why there need be any rate increase at all in the next few years.

“There are several reasons. The first is that inflation…was at 4.1 per cent in the December 2000 quarter…The second reason for rate increases in coming years is that the major capital projects (art gallery, new landfill, wastewater plant, libraries, pools, bus interchange) will increase annual operating expenditure by several millions dollars a year,” he said.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Pike River: Mine Drift Re-Entry Plan To Proceed

The Pike River Mine Drift will be re-entered, Minister Responsible for Pike River Re-entry Andrew Little announced today.

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little...

“The advice I have received indicates that it is likely to be around February before the re-entry proper gets underway, by breaching the 30m seal.” More>>

 

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Rebuilding: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

Govt Loses In Supreme Court: Call For Debate On Prisoners' Right To Vote

The court earlier this week upheld a High Court decision which found that a law restricting a prisoner's right to vote was inconsistent with the Bill of Rights. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels