Rates
Council wants to provide certainty to ratepayers
about their rates bills. We have also listened to the
community telling us that rates rises should be kept
to a minimum.
With that in mind the Council has decided on
a total rates rise of 3.8% per year to existng
ratepayers for the next 10 years. The increase
compares to an estmated average Consumer
Price Index increase of 2.5% per year, and a Local
Government Cost Index of 3.5% per year. The rises
are also lower than seven of the last nine years.
To achieve lower rates rises, more cuts to Council
services would have been needed.
Balancing the books
The Council has been run at a loss for the past fve
years. If this contnued future generatons would be
lef with more debt combined with assets in need
of major overhaul and no ability to pay or borrow.
a total rates increase of 3.8% per year to existng
ratepayers for the next 10 years, coupled with
reduced spending fxes this problem in fve years.
From then the budget will produce operatng
surpluses. This will allow new assets and upgrades
to be paid for without the same amount of
borrowing.
-25
-20
-15
-10
-5
0
5
10
$M
Balanced Budget
0
1
2
3
4
5
6
7
8
9
10
2.5% Estmated CPI Inflaton
3.5% Estmated Local Government Cost Index
%
Rates increases to existng ratepayers
2 0 1 2 - 2 2 1 0 - y E a r p l a n
13