Te Upoko o te Ika a Māui / Wellington

401 readers

1 users here now

Kia ora and welcome to !wellington, a place to share and discuss anything about Te Upoko o te Ika a Māui / Wellington in general.

Rules:

Don’t be a dick
If you need help using Lemmy.nz, go to !support
NZ regional and special interest communities

Banner image by Rob Suisted

founded 1 year ago

MODERATORS

[email protected]

Rates increase of 16.4% for 2024/25 proposed for community consultation (wellington.govt.nz)

submitted 8 months ago by [email protected] to c/[email protected]

5 comments fedilink hide all child comments

Wellington City Councillors will next week agree the draft 2024-34 Long-term Plan Consultation Document for auditing prior to community consultation in April. This includes a proposed rates increase for the 2024/2025 year of 16.4% (after growth in the ratepayer base). This excludes the levy for the Moa Point Sludge Minimisation Facility, which will add a further 1.6%.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 8 months ago

Did they subsidise low rates with debt? I thought with the pipes they just subsidised them with neglect by deferring maintenance and replacements.

I never feel like the debt implications are fully explored in these discussions. As with housing, there's a small group of vested interests that I feel take some options off the table from the start. Debt is great for long-lived capital infrastructure like this as it spreads the cost over all the generations who will make use of it over the next 80 years or so. Unfortunately it's automatically a political taboo.

But I dunno, maybe that's already factored in with these rises.