We want your views about the speed of the general rate increase between 2021 and 2024.
Should we ‘go hard and go early’ or be more cautious and spread rate increases more evenly over the first three years?
Over the next 10 years, we propose to respond to our district’s growth and to the challenges posed by changing community and regulatory expectations. Managing these, against a background of uncertain economic and social conditions and our COVID-19 recovery, is not going to be easy.
We have taken onboard community feedback from our Blueprints, customer surveys and service requests and tried to align these with what’s required to maintain our current services and plan for our district’s future needs. This all has an impact on the level of debt and rates we charge. Ratepayers, users of our services and developers each pay a portion of the costs to run the services received.
We want to hear from you about which general rate option we should go with.
Option one, Council’s preferred option, is to have a one-off larger increase of 9% in year one as this provides a slightly lower level of debt over 10 years and would cost ratepayers less across the first three years. This would then be followed with an increase of 3.5% in year two and 3.5% in year three.
Option two is to have a slightly lower increase of 7% in year one, followed by 6% in year two and 4% in year three. This option results in a slightly higher level of debt across the 10-year period and slightly higher costs across the first three years, but has a smaller increase in year one.
If you want to know more and to see how this will impact you and your rates, see pages 26-27 of the consultation document.
**The timing of our district valuation changed this year due to COVID-19 and the impact on each individual property value is still unknown. You can find out the impact on you and your property by visiting www.waikatodistrict.govt.nz/RID from 1 May.