1 February 2007
Hamilton City Council has completed its budget meeting for the proposed 2007/2008 financial year and is planning a reduction in rates from what was outlined in the ten year plan adopted last year.
Council is proposing an average rates rise of just over half a percent less for the coming year, compared with what was forecast in the ten-year Long Term Plan adopted in 2006.
Council is proposing an average rates rise of 5.47 per cent for current Hamilton ratepayers, compared to the 6.08 per cent it had indicated for the 2007/08 year when producing the Long Term Plan for the city. The proposed rate rise includes an allowance for inflation of approximately 3 per cent.
Council carries out a significant review of the ten-year plan every three years, with the intervening years, such as the coming year, regarded as closely following the budget and projects previously approved by Council following community consultation.
Hamilton mayor Michael Redman says there have been some changes within the budget, but Council's budget meeting added no additional rates expenditure.
"While there is a need for constant monitoring of the programme, Council already has an ambitious development plan for the city in the next few years, and it is important that we are extremely disciplined when it comes to considering additional projects and expenditure.
"Our major immediate projects for the city remain our commitment to addressing transportation issues through roading and passenger transport (Access Hamilton) as well as upgrading the Central Business District. The Plan also includes the redevelopment of the Claudelands Events Centre," says Mr Redman.
The proposed plan for the 2007/2008 financial year beginning on 1 July will open for month long public consultation and submissions from 26 March.
"While the consultation period is an important time to listen and get feedback from the community about their aspirations, Council would like to be clear that it believes this is not a time for introducing significant new projects that would push rates beyond what was outlined in the ten-year plan," says Mr Redman.
FOR MORE INFORMATION CONTACT:
Name: Michael Redman
Tel (Direct): 0 7 838 6976
Mobile: 021 947365
Name: Philip Burton
Designation: General Manager Communication and Marketing
Tel (Direct): 0 7 838 6507
Mobile: 021 428 748
Fax (Direct): 0 7 838 6761