Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Tauranga Council earns brickbat, and big bouquet

Tuesday, May 16th, 2006

Tauranga Council earns brickbat, and big bouquet

Tauranga City Council was urged today to think further about better ways to fund the city's growth pains before bringing down its proposed 14 per cent rates rise.

The Employers & Manufacturers Association (EMA) told the council's planning hearings that it was important to try and smooth the funding load required from rates for the city's many new projects.

"We urged Tauranga's Council to look at whether a better balance could be struck between funding the necessary growth through borrowing as well as from revenues from rates," said Peter Atkinson, EMA's executive charged with presenting the association's submission.

"The 14 per cent rates rise proposed is over the top because it will bring too much of a sharp shock.

"At present 43 per cent of Council revenues come from rates, which is already high.

"Tauranga City is developing an enviable reputation for policies and practices attractive to business and jobs, and we can see the merit in the Council projects envisaged.

"EMA congratulated the Council for setting its rates on the basis of Capital Value with no business differential, making the most use of Uniform Annual General Charges (UAGC), and for its policies on Development Levies."

Mr Atkinson noted EMA has 444 members in Tauranga. Altogether they employ 6,486 staff with an annual payroll of $280 million.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news