This was one of the items decided by Councillors at yesterday’s Council Meeting. Although high, it is actually the first time in many years that it is within 1% of Consumer Price Index inflation as the last published annualised inflation rate was 6.8% to the end of the March quarter. But the June quarter figure could and probably will be higher than that.
According to Mark de Haast, the KCDC Finance Executive, the increase could have been greater, but for the fact that Water charges brought in $1.3 million more than expected, which has been used to offset general Rates.
The components of the constant increase in the Ratepayers’ Burden will get scrutiny from us soon with the Council Elections only a few months away.