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

 

Christchurch City Rates Up 2.28 Per Cent


An overall rate increase of 2.28 per cent was confirmed by the Christchurch City Council today.

The figure was set in the draft budget and, despite several minor changes by the City Council today, the figure adopted will raise a sum of $137.58 million.

The chairman of the Annual Plan Working Party, Cr. David Close, said the Council had resisted raising loans to fund nil rate increases over many years and the public had taken that long-term view as well.

"They (the public) supported us in the nineties when we resisted the pressure to sell off our trading enterprises for ready cash, and this year they have supported the proposal to use the $175 million from Orion for debt repayment and an endowment fund," he said.

The Council's projected future debt had been reduced to "very modest levels," Cr. Close said.

In 2009-10 term debt was projected to be $151 million (down from $226 million in last year's plan) and net debt is projected to be $32 million (down from $200 million in last year's plan).

Those levels of debt were very low in view of the vast assets of the Council, Cr. Close said.

The Council was providing higher standards of service in almost every area - waste minimisation, refuse disposal, wastewater treatment, stormwater systems, libraries, swimming pools, art gallery - but the higher standards were driving up operating costs.

"For this reason our projected rate increases for the next few years are higher than most Councillors are comfortable with. But I am pleased to point out that the rates 'spike' in 2004-05 has been reduced from 8.6 per cent to 6.71 per cent in the plan before us today," he said.

"We must continue to exercise discipline in our spending, especially as our very successful trading enterprises cannot be expected to increase their dividends as rapidly as in the past."

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>

 

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels