15 March 2012
A roadmap to improve Hamilton City Council’s financial position, cap debt levels and get the city back on track was adopted today by Council.
The draft 10-Year Plan for Hamilton City Council was approved for community feedback at an extraordinary Council meeting held today.
Mayor Julie Hardaker believes the Council has done the best job of any council with it’s draft 10-Year Plan and says the proposed financial strategy is prudent, sustainable and the Council will stick to it.
“The two key issues facing Hamilton City Council and the wider local government sector are debt and rates” Ms Hardaker says.
“We’ve taken these two issues and addressed them up front in our draft 10-Year Plan to show our community we’ve worked hard to find solutions which are workable, realistic and affordable.”
Council’s budget limits debt to around $440 million for the next 10 years and proposes a total rates increase of 3.8% each year for the next 10 years.
“The Council’s priorities are to return to surplus and get debt under control and we are leading the way throughout the country with one of the lowest rates rises over 10 years,” says Ms Hardaker.
Other key proposals in the draft 10-Year Plan include cutting some services, increasing user charges in areas and investigating the possibility of selling a few assets.
Hamilton City Council is planning to save $15 million each year through cutting costs and increasing revenue.
The draft 10-Year Plan is open for public consultation from Monday 19 March until Thursday 19 April.
A summary of the draft 10-Year Plan will be sent to all households within Hamilton city from late next week.
To find out more, request a copy and have your say about the draft 10-Year Plan, visit:
FOR MORE INFORMATION CONTACT:
||07 838 6976|
||07 838 6434|
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