That’s lower than the 7.1% mentioned in last year’s Long Term Plan but still well up on inflation (2.5%).
When added to last year’s 17.3% increase (on average) it means that Kapiti Ratepayers now face imposts that are a quarter higher than 2 years ago. Many people in this district rely mainly on pensions which do not increase at this rate!
We cannot be work slaves for the council!
Needless to say, Concerned Ratepayers Kapiti are aghast at these increases and actively analyzing what is wrong with the council and how Rates can be reduced.
Councils were instructed by the Govt to stick to their knitting. Kapiti Council obviously sees things differently.
Our mayor says that KCDC’s financial strategy to actively reduce debt requires rates increases of 7% for 10 years.
7% compounded over 10 years is 97%
In plain language: this financial strategy on its own will cause rates to double.