Infrastructure

Aucklanders face 5% rates bump next year - Goff

Brent Melville
Tue, 01 Dec 2020

Aucklanders face 5% rates bump next year - Goff
Brent Melville
Tue, 01 Dec 2020
It’s not what Aucklanders will want to hear ahead of Christmas, but Auckland Council intends to push up city rates 5 percent next year and increase borrowings for another three years to help speed the recovery from an estimated $1 billion impact of covid-19.As part of the council’s 10-year recovery budget, rates will increase 5 percent for next year only, reverting to a slower 3.5 percent pace of rates inflation the following year. The council also aims to save about $90 million for the next three years, and generate more than...

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