Te Upoko o te Ika a Māui / Wellington

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Long-term Plan and rates update (wellington.govt.nz)

submitted 11 months ago by happy_piwakawaka to c/wellington

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A proposal to deal with Wellington City Council’s significant external economic pressures while continuing to deliver for the capital city was today presented to elected members working on the 2024-34 Long-term Plan.

The initial starting point for next year’s rates increase following input from elected members was 26%.

With additional levers being pulled, today's budget proposes significant reductions in planned capital and operating expenditure and would result in a predicted rates increase of around 14-16% for the 2024/25 financial year.

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[–] happy_piwakawaka 3 points 11 months ago

14% is far lower than I would have predicted, I wonder what sort of cuts they're looking at to achieve this.