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28 Dec 2025 14:35
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  •   Home > News > Business

    Wellington City Councillors will consider reducing a proposed rates hike when it looks at a pandemic response budget this week

    Wellington City Councillors will consider reducing a proposed rates hike when it looks at a pandemic response budget this week


    A proposed rates hike of 9.2 percent had been floated prior to the coronavirus outbreak.

    Staff are now recommending rates increase by 4.8 percent for the upcoming year - which would result in debt-funding 68-million dollars.

    But, councillors are being told this would still likely see a rates rise as high as 10 percent for the following year.

    It's been estimated council revenue will be down by 28 million dollars this year, and drop another 30-million dollars next year.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
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    Cricket:
    Black Caps pace bowler Kyle Jamieson has his sights on returning to all forms of cricket at top level as he recovers from a stress fracture in his back suffered last year 14:07

    Entertainment:
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    Rugby:
    Reigning world champion Luke Littler has fired a warning to his rivals after a dominant display in the third round of the world darts championship in London 13:37

    Soccer:
    Aston Villa manager Unai Emery's urging his team to be humble as their Premier League winning streak gathers steam 13:27

    Entertainment:
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    Law and Order:
    Three people have suffered serious injuries following a mass brawl in Auckland Central's CBD this morning 13:17

    Cricket:
    New Zealand pace bowler Kyle Jamieson accepts the Black Caps' decision NOT to parachute him into the squad for the recent test series win over the West Indies 13:07

    Entertainment:
    Michael Douglas spent "a lot" of time talking to Rob Reiner about his son Nick Reiner's drug problems 12:50


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