Rates rise for Hurunui
By David Hill, Local Democracy Reporter
A rates hike of 7.49 percent is expected in the Hurunui district.
The Hurunui District Council adopted its draft budgets for the 2023-24 annual plan at an extraordinary council meeting on Tuesday, April 18.
Chief financial officer Jason Beck said the proposed average rates rise of 7.49% was higher than the 4.99% forecast in the 2021-31 long-term plan.
He said the difference is due to rising inflation and interest rates.
But it could have been worse.
Council staff began the process with an average rates rise of 11.78%, before trimming it back to 9.53% after the growth of the district was factored in.
It was further trimmed by reducing the council reserves budget and increasing the dividend paid by Hanmer Springs Thermal Pools & Spa.
The draft annual plan will go out for consultation next month ahead of its final adoption by the council by June 30.
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