Nelson rates to increase by 9.1pc
Nelson ratepayers are facing a rates hike of 9.1 percent - the largest in more than five years.
Monday, June 20th 2005, 6:45AM
by The Landlord
The increase, calculated yesterday after councillors decided their spending priorities, is more than the 8.84 percent originally predicted in the Nelson City Council's draft annual plan.That's largely because, after hearing public submissions, the council decided to hire a new arts and heritage adviser at $50,000 a year and contribute $17,490 to the South Island Varroa Agency.
After yesterday's meeting, chief financial officer Chris Fitchett said the 9.1 percent increase would be confirmed in the next few days. The rise equated to an average of $100 extra for residential ratepayers, he said.
Read More - Opens in a new window
« Property investors refocus on cash flow | Free Investment Property Showcase Events: Auckland, Wellington and Christchurch » |
Special Offers
Commenting is closed
Printable version | Email to a friend |