ODT sounds the warning!

Ah, prudence…

### ODT Online Wed, 20 Jan 2010
Editorial: Annual plan sham
After 50 hours of annual plan meetings last year, the Dunedin City Council managed to achieve a reduced rate increase for the following financial year of a mere .9% down from an anticipated 7.8%. Ratepayers, anxiously observing this week’s commencement of the annual plan process, ought not on this record to expect a great deal from a council which has been as profligate as any in the city’s history.

The draft at the moment proposes an increase in rates for the next financial year of 7.3% – considerably more than the annual rate of inflation.

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Post by Elizabeth Kerr

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Filed under Economics, Politics, Project management, Stadiums

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