LGOIMA Request Details

Date Received:13/03/2024
Date Responded:02/04/2024
Requested Information:Information about any proposed rates increase this year and debt servicing, in particular with relation to water services and water infrastructure..
Response:

Please note that the Long Term Plan for 2024-2034 is not yet approved by Council and is still subject to change after consultation.   

1. What is your Council's proposed rates increase this year?  
The Council's proposed rates increase for the 24/25 Financial year is 8.7%

Rates increase %                                               8.70%

Less Growth    %                                             -1.61%

Rates increase – existing ratepayers %           7.09% 

a. What proportion of that is for water services and water infrastructure?   28%

b. What proportion of any proposed rates increase is to service the debt for water infrastructure?   18.83%  

2.  What proportion of any proposed rates is to service debt for water infrastructure? 
Repeat of Question 1b?  

3.  How much debt is your Council currently servicing for water infrastructure?

 $87,055,653 

  1. What is your Council's current projected costs of servicing this debt over the next 10 years?

See table below 



Status:Complete