Rates rises exceeding 10% mooted after debt increased

Councillors have pushed projected rates rises in Dunedin above 10%.
 
The Dunedin City Council had indicated rates increases of 9.95% in each of the first three years of a draft long-term plan.
 
After three days of discussions, the revised figures last night were 10.5%, 10.2% and 10.1%.
 
Councillors added $33million to what had been signalled for debt.
 
The indicated levels of debt would now be $819m after the first year, increasing to $892m after the second, $940m after the third and debt would be over $1billion from the end of the fourth year.
 
Cr Lee Vandervis asked what the rates rise would be in 2025-26 if the council had no increase in debt.
The answer that came back was 58.7%.
 
The council is also poised to post a deficit next year.
 
A consultation document for the 2025-34 draft long-term plan is to be prepared to go out to the public.
 
The council will then receive public feedback and is due to deliberate in May.
 
 

 

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