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


Nth Shore Council Review Folds Back Rates Increase

Council review folds back rates increase

North Shore City Council has agreed to consult on a debt management policy which would allow a pull back of next year's rates increase from the proposed 8.4 per cent to no more than a 5.9 per cent increase.

The council has approved the parameters for the production of the draft 2008/09 annual plan and approved, for consultation, a new treasury management policy which will enable debt to be repaid over a 50 year period rather than the current 30 years.

Mayor Andrew Williams says the draft 2008/09 annual plan based on the new treasury management policy will be provided for consideration by the council in February. He says there will then be a second review which will provide more information about the capital projects and operating costs which will provide definite and more affordable outcomes whilst maintaining service levels.

"This reduction of 2.5 per cent of the originally expected increase will be achieved by matching debt repayment more closely to the expected lives of the assets. There will be some rescheduling of capital projects to ensure rates levels are kept lower than previously predicted, but important projects - particularly within roading and transport - will still be delivered within acceptable timetables to ensure important projects deliver the benefits," says Mayor Williams.

A large part of the cost increases making up the proposed 5.9 per cent rates increase was brought about by expected capital financing, and the council has employed strong financial management techniques to achieve significant savings.

Mayor Williams says projects and costs within the ten year Long Term Council Community Plan (LTCCP) will be similarly reviewed as part of the next review of the LTCCP beginning next year.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


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>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. 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>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news