The Rates setting happens in conjunction with the Annual Plan, and for the first time in a while the increase is within 1 point of the actual CPI inflation rate as announced Thursday. This 7.5 percent average rates increase is slightly lower than the 8.0 percent projected increase for year two of the KCDC Long Term Plan set last year. The council says this is about $4.67 per week per ratepayer, which means $242 a year.
The council also says that some capital expenditure is being rephased as per the list below. Much of it relates to 3 Waters infrastructure which, as people know, Jacinda cabinet minister Nanaia Mahuta plans to confiscate from Councils for ideological reasons.