Rates Increase
A Ratepayers Perspective on Rates Rises
All the rhetoric, statements and documents portray that the proposed 15.5% (or 2x 9.5%) rates rise in the budget of the 10 Year Plan is needed to stem the bleeding of borrowing $10 million per year to fund the shortfall in the day to day running of the city. However that has not been communicated well, most people and all of the candidates' bar one in the recent by-election believed that the proposed rates rise is to fund growth, particularly Peacockes.
Current Rate take $153.747 million + 9.5% rate Rise = $168.353 million ($14.6 million rise)
New Rate take $168.353 million + 9.5% rate rise = $184.346 million (another $15.994 million) without the property valuation, effectively the figure will be more (a lot more).
At a bare minimum, the 2 x 9.5% rates rise council will gain a nett increase of $30.599 million over 2 years. That exceeds any of the figures over the numbers of years that the borrowing occurred.
The 10 Year Plan must have been written by extra-terrestrials for the dyslectic it is confusing particularly because it is contradictory rather than complimentary.
The issue is the projected $30.599 million gain in revenue vs the $4 million pa shortfall in the day to day running of the city, particularly in view that Hamilton’s economy only grew by 2.8% for the year considerably below the any of the proposed rates increases.
The attached tables clearly indicate that it appears illogical to increase rates by 107.98% when the revenue base only increases by 27.45%.
Ratepayer Growth (Increase) over 10 Year Plan 16, 056 $27.45%
Rates Increase over 10 Year Plan $165.283 million 107.98%
A Ratepayers Perspective on Rates Rises (Table).docx Download View
It’s Riddle Time! Beat the Neighbourhood with Your Smarts!
Which of the following words don't belong in the group and why?
CORSET, COSTER, SECTOR, ESCORT, COURTS
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Live Q&A: Garden maintenance with Crewcut
This Wednesday, we are having another Neighbourly Q&A session. This time with John Bracewell from Crewcut.
John Bracewell, former Black Caps coach turned Franchisee Development Manager and currently the face of Crewcut’s #Movember campaign, knows a thing or two about keeping the grass looking sharp—whether it’s on a cricket pitch or in your backyard!
As a seasoned Crewcut franchisee, John is excited to answer your lawn and gardening questions. After years of perfecting the greens on the field, he's ready to share tips on how to knock your garden out of the park. Let's just say he’s as passionate about lush lawns as he is about a good game of cricket!
John is happy to answer questions about lawn mowing, tree/hedge trimming, tidying your garden, ride on mowing, you name it! He'll be online on Wednesday, 27th of November to answer them all.
Share your question below now ⬇️
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
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