Rates Increase
Below National Average
The average rates increase across all local authorities in New
Zealand for 1996/97 was 3.5 per cent. This compares with the
Christchurch increase for last year of 2.77 per cent and the
proposed increase of 2.7 per cent for 1997/98. Operating
efficiencies and dividends from the City's trading enterprises
have enabled Council to keep the rates increase below the 3.94
per cent rise projected this time last year.
Expenditure
- Operations: The total operating expenditure, the cost
necessary to provide the services and facilities operated
by Christchurch City Council for next year, is $212.3
million.
- Christchurch ratepayers are required to contribute a
total of $114.84 million towards this cost. The balance
will be paid for by revenues from these activities and
from interest and dividends earned by the Council through
its ownership of enterprises such as Southpower, the
Lyttelton Port Company and the Christchurch International
Airport Company.
- Capital Improvements: The total capital expenditure, the
cost necessary to pay for the new assets required to
maintain or upgrade Council services next year, is
$107.28 million. These improvements and developments will
be paid for through borrowing, utilising Council reserves
and from external funding.
Tracking rates rises,
past and future
Rates increases
| 1990/91 |
|
0% |
| 1991/92 |
|
0% |
| 1992/93 |
|
0% |
| 1993/94 |
|
3.82% |
| 1994/95 |
|
3.95% |
| 1995/96 |
|
2.77% |
| 1996/97 |
|
2.77% |
| 1997/98 |
draft |
2.70% |
| 1998/99 |
forecast |
2.78% |
| 1999/00 |
forecast |
3.66% |
| 2000/01 |
forecast |
3.84% |
| 2001/02 |
forecast |
3.86% |
| 2002/03 |
forecast |
4.76% |
| 2003/04 |
forecast |
3.87% |
| 2004/05 |
forecast |
4.06% |
| 2005/06 |
forecast |
1.98% |
| 2006/07 |
forecast |
2.67% |
| |
|
|
May 1997 City Scene ~ City Scene Archive
