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5 Jun 2020 16:02
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  •   Home > News > Business

    Wellington City Councillors will consider reducing a proposed rates hike when it looks at a pandemic response budget this week

    Wellington City Councillors will consider reducing a proposed rates hike when it looks at a pandemic response budget this week

    7 April 2020
    A proposed rates hike of 9.2 percent had been floated prior to the coronavirus outbreak.

    Staff are now recommending rates increase by 4.8 percent for the upcoming year - which would result in debt-funding 68-million dollars.

    But, councillors are being told this would still likely see a rates rise as high as 10 percent for the following year.

    It's been estimated council revenue will be down by 28 million dollars this year, and drop another 30-million dollars next year.

    © 2020 Newstalk ZB, NZCity


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