News | Business
19 Apr 2024 11:47
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     19 Apr: Criticism of efforts to help lower income people get some rates relief
     19 Apr: Motorsport pundit Bob McMurray believes many of the country's top drivers owe their careers to the late Sir Colin Giltrap
     19 Apr: Households will need to keep spending tight for another year yet
     19 Apr: Experts are forecasting more financial pressure for households, continuing into late next year
     18 Apr: The Reserve Bank may have to make some unpopular decisions
     17 Apr: Taylor Swift may get a tiny bit of the blame, for inflation and interest rates staying higher longer
     17 Apr: Inflation is slowing, but many New Zealanders are still getting poorer
     Top Stories

    RUGBY RUGBY
    Former Diamonds coach Lisa Alexander believes Netball Australia will welcome a proposal to include Aotearoa in their Super Netball domestic competition More...


    BUSINESS BUSINESS
    Criticism of efforts to help lower income people get some rates relief More...



     Today's News

    Entertainment:
    Christine Quinn has accused her estranged husband Christian Dumontet of failing to pay more than $100,000 in medical bills from the birth of their son 11:40

    International:
    Taylor Swift's The Tortured Poets Department is nearly here, but it could be a logistical nightmare for the Eras Tour 11:17

    Entertainment:
    A Hollywood producer has blasted Sydney Sweeney and argued she "can't act" and is "not pretty" 11:10

    Athletics:
    An initial group of 15 have been named to represent New Zealand in athletics at the Paris Olympics 11:07

    Law and Order:
    A teenager has admitted the manslaughter of a woman killed in a rural Canterbury crash 11:07

    Business:
    Criticism of efforts to help lower income people get some rates relief 10:47

    Entertainment:
    Tom Selleck had "no desire" to become an actor 10:40

    Rugby League:
    NRL Thursday blog: Melbourne survive Cameron Munster sin-bin to outlast Roosters in error-strewn clash 10:27

    Living & Travel:
    Can you throw, hit and catch? 10:27

    Entertainment:
    Jessica Simpson felt more confident after having children 10:10


     News Search






    Power Search


    © 2024 New Zealand City Ltd