News | Business
7 Jul 2025 13:22
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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     07 Jul: Nicola Willis is encouraging Kiwis to join the FamilyBoost scheme - with changes from this month to capture people who've been missing out
     07 Jul: The Government's expanding the its FamilyBoost scheme, with changes taking effect retrospectively from the start of this month
     06 Jul: Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland
     05 Jul: The Toyota's RAV4's held it's top spot as the favourite passenger car - in a standout month for vehicle sales
     05 Jul: A surge in new car sales - on the back of a tough couple of years for the market
     05 Jul: An independent report on the Northland Expressway, is sowing doubt over the project's future
     05 Jul: AI could soon be worth billions of dollars a year to New Zealand
     Top Stories

    RUGBY RUGBY
    A fuel saving two-stop gamble has paid off for Scott Dixon More...


    BUSINESS BUSINESS
    Nicola Willis is encouraging Kiwis to join the FamilyBoost scheme - with changes from this month to capture people who've been missing out More...



     Today's News

    Accident and Emergency:
    A man who died hunting at Stewart Island - was reportedly shot 13:07

    Entertainment:
    Katie Thurston admitted she has no idea "how much time I have left" amid her stage four cancer battle 13:06

    Business:
    Nicola Willis is encouraging Kiwis to join the FamilyBoost scheme - with changes from this month to capture people who've been missing out 12:37

    Entertainment:
    Michael Madsen has died 12:36

    Golf:
    Golfer Daniel Hillier will feature at The Open Championship major next week at the Royal Portrush course in Northern Ireland, courtesy of his European Tour ranking 12:27

    Motoring:
    Shane van Gisbergen's secured another victory at a disrupted Nascar street race in Chicago, matching his feat on debut in 2023 12:07

    Entertainment:
    Yungblud says pansexual is "the label that allows me to be who I am" 12:06

    Politics:
    The Police Commissioner says urgent action must be taken to prevent staff accessing inappropriate or harmful content 11:57

    Entertainment:
    Amal Clooney has praised her husband George Clooney for being "so supportive" 11:36

    Entertainment:
    Allison Williams was "devastated" after one of her Girls storylines got scrapped 11:06


     News Search






    Power Search


    © 2025 New Zealand City Ltd