The Dom Post reports:
Higher rates rises over the next few years could be the price residents have to pay for Wellington City Council’s “eight big ideas”.
Councillors have been warned that projects such as the airport runway extension, the Hilton Hotel and conference centre, and a film museum would not be sustainable without increasing the number of ratepayers – and even then “slightly higher rates increases in the short term” might be needed.
A presentation from council staff working on budgets for the next 10 years looks at various funding possibilities, one of which could be a rates increase above 10 per cent in 2015-16.
Another scenario, spreading out costs across the decade, involves an increase of about 6 per cent for 2015-16.
In recent years, rates rises have been held to about 2.5 per cent.
Rates should not increase more than inflation. It is all too easy for Councillors to have a wishlist of ideas, but we’re the ones who to have to fund them.
Any contribution to the proposed airport runway extension should be minimal.Tags: Wellington City Council