Zero rates plan scrapped as Christchurch council struggles to contain coronavirus fallout
Residents in Christchurch face a rates increase of between 3.5 and 5.5 per cent next year to plug a $90 million hole in the city council’s purse left largely by the coronavirus pandemic.
Hopes for a much-vaunted lowering of the increase to zero have been dashed, with staff warning the policy would cause “unprecedented” redundancies, jeopardise projects and flout direct advice from the Government.
The authority also faces borrowing more than $100m over the next two years to pay for its coronavirus response and make up for an expected $61.8m in lost dividends from the trading companies it owns.
Read more here.
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Poll: How are you feeling about the role of AI in business and everyday life? 🤖💻
The Post reports that nearly two-thirds of business leaders are feeling optimistic about 2026 ... with much of that confidence driven by the rollout of AI.
We want to know: How are you feeling about the growing role of AI in business and everyday life?
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6.5% Excited
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71.8% Cautious
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21.7% Somewhere in between
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