Hamilton City Council adopted its 2018-10 Year Plan on 28 June 2018.
This Plan embraces the opportunities that growth presents as well as making the most of what we've already got. Included in the plan is:
- strategic infrastructure for growth throughout the city, including opening a new growth cell in Peacocke, to the south of the city
- a transport programme to improve safety, congestion and transport choice (walking, cycling and public transport)
- a community infrastructure programme to enhance what we have and provide new community spaces and facilities for a growing city; and
- a major renewals and maintenance programme to look after and replace existing assets when needed.
This 10-Year Plan also includes an update to our Financial Strategy. We are currently borrowing to pay for everyday costs and this plan will get us to a point where we 'balance the books' from 2021/22. To do this, we are:
- increasing average rates to existing ratepayers by 9.7 % in 2018/19, and then continuing with annual increases of 3.8% after that
- making changes to our development contributions policy so that developers pay an appropriate share of growth costs
- taking advantage of a $180M interest-free loan from the government to help pay for growth infrastructure – this saves more than $65M in interest costs for our city
- working with the government and other partners to access almost $500M in external funding;
- increasing our debt to revenue ratio to 230 % (that means we can borrow $2.30 for every $1.00 we collect in revenue)
- Taking up opportunities afforded by innovation, insight and technology to realise savings of $94M.
To read the 10-Year Plan, click on the links below.
10-Year Plan now adopted.
After considering verbal and written submissions through public consultation, and making changes to the 10-Year Plan, average rates changes have been set at a 9.7% increase for 2018/19 and 3.8% annually after that. This is a reduction from the rates proposed in the draft Plan of two years of 9.5% increases and an immediate transition to UAGC and Capital Value rating.
Over the next three years, the Council will complete the transition to full capital value rating, a process begun in 2015.
There will also be a three-year transition to a Uniform Annual General Charge (UAGC) of $500. The transition amount for 2018/19 has been set at $165.00. The UAGC is a fixed portion of rates and not an additional charge.
For a summary of decisions made during deliberations click here
The process followed and information made available during the consultation on the 10-Year Plan can be found here.
A number of policies have been updated as a result of adopting the 2018-28 10-Year Plan. The revised policies can be found at the links below:
Information available during consultation
At the same time as consulting on the 10-Year Plan we also asked for feedback on our draft Development Contributions Policy and a number of rating policies as part of our Rating Review Statement of Proposal. Information that was provided to the community for their feedback, along with a range of supporting information underpinning the consultation documents is available at the links below: