Daily Archives: January 15, 2010

Predicted Dunedin rates rise…

### ODT Online Sat, 16 Jan 2010
Rate rise of 7.3% projected
By David Loughrey
Dunedin ratepayers look set to pay an extra 7.3% in rates for the next financial year, along with increased fees and charges for activities ranging from building a house to burying the dead. This year’s draft budget shows the city’s rates bill will rise by 61.3% in the next 10 years, 35.7% of which is the result of inflation.

“Beyond regular, annual inflation effects, the two main reasons for the increases in rates are the increasing debt servicing costs associated with the capital expenditure programme, and the 5% per annum increases in the funding of water and wastewater depreciation.”
-Jim Harland, chief executive

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ODT Online Sat, 16 Jan 2010
Operating costs will jump $1.4 million
By Chris Morris and David Loughrey
With the big decisions made, and the borrowing under way, the Dunedin City Council now has to find a way to manage its debt-heavy budget for the next year and beyond. Annual plan meetings begin next week, and the result will determine just how much the city dips into ratepayers’ pockets to pay for water and wastewater, the Forsyth Barr Stadium, the Town Hall upgrade and many other projects. Dunedin City Council reporters David Loughrey and Chris Morris examine the issues.
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Related stories:
Cost of dying, other services may rise
Council housing rents set to rise in order to cover increased costs

Post by Elizabeth Kerr

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Filed under Economics, Media, Politics, Project management, Stadiums