Flood to add to rates costs
February's floods could cost the region's 104,000 ratepayers extra money for the next five years.
Monday, June 14th 2004, 7:15AM
by The Landlord
Horizons Regional Council is proposing that an extra 8 percent be charged as a storm-recovery rate on annual rates demands.On a property with a capital value of $200,000, that would cost an extra $8.
This rate would decrease slowly over the next few years, stopping in 2008-09.
The aim is to raise an extra $2 million.
Horizons spokesman John McDonald said details of how the extra money will be collected depends on how ratepayers react to the idea.
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