Carterton District Council’s [CDC] Long-Term Plan Consultation Document has signalled that after a 15.09 per cent rates rise this coming financial year, ratepayers will face an 8.5 per cent rise next year, followed by a 13 per cent rise.
The following increases for the remaining years up until 2034 average 3.3 per cent, council documents show.
These are indications and are subject to change.
In the 2024/25 financial year, CDC plans to collect $20.3 million in rates revenue.
Using the council’s projected rises, this amount will be $31.2m in 2033/34.
The council’s consultation document says affordability is a concern for both CDC and ratepayers “which creates a balancing act in order to progress with projects that accommodate the needs of our changing community”.
“While grappling with this balancing act, the council has considered, as far as practicable, the requirements of the current community without compromising future generations,” the document said.
“For the next 10 years, we plan to focus on fulfilling the aims outlined in our Infrastructure Strategy – the main projects being improving the level of service for roading, investing more funding into our water assets, and upgrading our outdated sewerage services to meet current needs and future demands.
“We are not planning to increase significantly any of our other activities, but instead maintain a business-as-usual approach.”
Actual rates each year for individual properties will vary depending on the targeted rates that are applicable, the differential rating category, and the valuation of each property.
Currently, Quotable Value NZ is finalising the district’s new valuations and the audited new valuations will be available from April 10, 2024. – NZLDR
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