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

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election