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


Hamilton City planning to boost rates, and debt

Media Release Wednesday, June 6th, 2001

Hamilton City planning to boost rates, and debt

Hamilton City Council is planning to boost its rates by nearly double the inflation rate each year for the next three years, on top of debt that has doubled over the past three years, the Employers & Manufacturers Association pointed out in its submission on the Council's Draft Annual Plan today.

"What is of concern is that, in addition to Hamilton already having very high rates relative to elsewhere in New Zealand, businesses pay 2.2 times more in rates for equivalent property values than residences do," Alasdair Thompson, EMA's chief executive, told the Council hearing.

"Hamilton's residential ratepayers represent 90 per cent of property owners and hold 75 per cent of the city's land value yet pay just 66 per cent of it's the city's income from rates.

"The average residential property owner pays $1673 in rates for every $100,000 of land value.

"Businesses pay over twice as much; $3663 for every $100,000 of land value. They pay 31 per cent of the Council's income from rates though representing only eight per cent of property owners with 16 per cent of the land value. "The 500 businesses in Hamilton that are members of EMA employ nearly 18,000 people and provide 35 per cent of the total jobs in the city, with a pay roll in aggregate of $680 million a year.

"Council mistakenly presumes businesses can better afford to pay rates - this is not the case. The differential against business acts as a disincentive for businesses to locate in Hamilton and employ more people.

"Hamilton City Council is tying up rate payers' equity in assets of Council's choosing and control at a significant opportunity cost in jobs and growth for businesses and residents of the city.

"In its submission EMA recommended the Hamilton Council should use Uniform Annual General Charges (UAGC's) far more, that it should remove the term 'tax benefit adjustment for commercial/industrial' from its plan as it used incorrectly, and should sell non-core assets and get out of non-core activities."

Further comment: Alasdair Thompson tel 09 367 0911 (b) 09 303 3951 (h) 025 982 024

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news