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23 Oct 2024 13:40
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  •   Home > News > Business

    A higher rates rise could be on the cards in Christchurch

    A higher rates rise could be on the cards in Christchurch


    The council is now forecasting a 9.76 percent rates rise next year -- rather than the 8.48 percent rise currently planned.

    Head of Finance Russell Holden says the council's high fixed costs make things hard.

    He says it's difficult to make significant reductions to the figure, without changes to the services council provides.

    Meanwhile, councillors are weighing up whether to update the council's procurement policy.

    It would see the council only do business with businesses involved in the building and maintenance of illegal Israeli settlements in exceptional circumstances, with CEO approval.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    All Blacks newcomer Ruben Love is ready for a mix-and-match selection against Japan to show what they can do More...


    BUSINESS BUSINESS
    The boss of New Zealand's biggest bank has pushed back against questions over its sky-high profits More...



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