A109 Light Utility Helicopter flight with mayor Gisborne City from the air in November 2023.
A109 Light Utility Helicopter flight with mayor Gisborne City from the air in November 2023.
Opinion
Re: Ratepayers facing 4.8pc rise this year, Feb 18 story.
“. . . the 2018/2028 long-term plan proposes a limit of overall rate increases of 5 percent for the 10 years” — does that mean a maximum of 5 percent total increase over the 10 years between 2018 compared to2028 (and is it inflation-adjusted dollars?), or no more than 5 percent per year every year for 10 years, so no more than 50 percent increase in 10 years?
Manu Caddie
Footnote from Ed: It is per year and, if the rate hikes are close to 5 percent each year, will compound to more than a 50 percent increase over the next 10 years.