Growth
Hamilton is a growing city, but it’s not growing as
fast as it was. Five years ago the city was booming
and economic projectons estmated the number
of houses would increase from 50,500 to 60,500
by 2022. With the global fnancial recession, that
increase is half that or now down to 55,500 by
2022. We have taken this into account by adjustng
the amount budgeted to be spent on and received
from growth.
However, we stll need to spend money over
the next three years fnishing the infrastructure
projects we’ve already started and are contracted
to do.
These include working with NZTa on the Te Rapa
secton of the Waikato expressway, Hamilton
Ring Road in the east and water, wastewater and
stormwater infrastructure in Rototuna.
Managing the demands for growth, balancing
the opportunites for future ratepayers against
afordable rates and debt levels for current
ratepayers is an enormous challenge for the city.
PoPulationGroWs
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Every year Hamilton’s
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2500 PeoPle
visit HaMilton Zoo.
When we take into account our lower expectatons
for growth in Hamilton, the Council believes this
plan is sustainable and realistc.
Overall we have cut the amount of money we have
put aside for growth-related projects. This means
it will take longer to complete some things than
we had previously planned. To partly deal with this
issue, Council has made provision of $32 million
between 2017 and 2022 to partner with developers
in growing the city.
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