Aucklanders will see their rates bills soar 5 per cent to help counteract a $1 billion fall in council revenue over the next four years.
The one-off hike, up from a planned 3.5 per cent increase, will add $36 to the rates bill of an average value home before annual increases return to the previous path of 3.5 per cent rises.
The proposed increase is included in the update of Auckland Council's 10-year budget, which starts in July.
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