Average rates increase kept to 1.61pc

By Christine McKay

Add a comment
Raj Suppiah.
Raj Suppiah.

Tararua District Council rates have been slashed thanks to greater efficiencies, with the average rate increase now just 1.61 per cent, down 1.3 per cent on what had been signalled earlier.

However, while rural ratepayers will face only a 0.88 per cent increase in their rates, upgrades to urban water and wastewater networks will result in a rate increase of 2.40 per cent for urban ratepayers and 2.85 per cent for industrial and commercial ratepayers.

"One of the major drivers in our urban sector rating is the significant investment in water and wastewater which we still haven't completed so over two years this sector will see an increase in rates," Raj Suppiah, council's chief financial officer said. "But without cutting back services we've been able to reduce our average rate significantly for the 2016/17 period and this shows we're taking into account affordability and sustainability."

To make the 1.3 per cent cut in rates has been possible by reducing council's finance costs, while revenue has increased from term deposits, Mr Suppiah said.

"We want rates to be reducing and we need to ensure affordability and sustainability."

Councillor Jim Crispin said he thought it was admirable the way Mr Suppiah and his finance team have listened to councillors and the community.

"This result is truly outstanding," he said. "It's a very, very good result."

- Hawkes Bay Today

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


Have your say

1200 characters left

By and large our readers' comments are respectful and courteous. We're sure you'll fit in well.
View commenting guidelines.

© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production bpcf05 at 23 May 2017 14:55:28 Processing Time: 375ms