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15 Dec 2025 12:06
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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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    Entertainment:
    Gloria Gaynor was "in shock" to be named as a Kennedy Center honouree 11:50

    Entertainment:
    Ryan Reynolds and Rob McElhenney have sold a stake in Wrexham to a US investment firm 11:20

    Rugby:
    A record-breaking swim for Lewis Clareburt in Australia 11:07

    Entertainment:
    Arlene Silver is "so grateful" to have her husband Dick Van Dyke for company 10:50

    Business:
    The Prime Minister's tempering expectations ahead of the Government's books opening this week 10:47

    Law and Order:
    Belief a former Gloriavale leader got away with a light prison sentence - after admitting a raft of sex offences 10:27

    Entertainment:
    Rebel Wilson's wife Ramona Agruma is pregnant with the couple's second child 10:20

    Law and Order:
    Police investigating the death of a man in a home invasion in Waikanae, have arrested six men, charging five with murder 10:07

    Entertainment:
    Dame Judi Dench claims that Harvey Weinstein has "done his time" 9:50


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