2014/15 Annual Plan Proposal sees reduced rate increase

2014/15 Annual Plan Proposal sees reduced rate increase

Monday, March 31, 2014

A lower rate increase and strong investment projections were two key features of the South Taranaki District Council’s 2014/15 Annual Plan proposal, which was approved for public consultation at today’s (Monday 31 March) Council meeting.

South Taranaki Mayor Ross Dunlop says as a result of prudent financial management and a tight rein on spending, the Council was able to reduce the projected rate increase by more than 2.5% from what was initially projected in the Council’s Long Term Plan.

The Annual Plan proposes a District Rate* increase of 2.35% (which is 2.55% lower than the 4.90% projected in the Long Term Plan)  and sees the Targeted Rates for water, wastewater and kerbside rubbish and recycling  rise by $17, $15 and $23 respectively.

The increases willimpact on different types of properties in different ways however total rates ( i.e. District Rate and all Targeted Rates) for the average urban residential property is proposed to increase by about 3.3%and total rates on rural properties are proposed to increase by about 1.3%.

For the average urban property this represents an increase of around $1.46 a week.

On the back of strong investment returns in the last 12 months the value of the Long Term Investment Fund is projected to increase to $120.8 million compared to the earlier projection of $112.4 million in the Long Term Plan.

Mayor Dunlop says the Council has completed most of its major infrastructure upgrades and by October 2014 the last of the major water projects, the Waimate West Water Supply upgrade, will be completed at an estimated cost of $11 million.

“One of the most significant issues which the Council, along with all others across the Country, will be addressing is how we respond to the Government’s earthquake prone buildings legislation,” says Mayor Dunlop. “This legislation which is still being developed will result in significant changes for older buildings in our district and the Council is proposing to budget $100,000 for conducting earthquake risk assessments of Council owned buildings,” he says.

Other key projects the Council plans to work on in 2014/15 include; development of an Open Space Strategy with its associated district cycle and walkways, completion of the Hawera Town Centre Strategy, review of the District Plan, stage two of a district bylaw review and development of our 2015-2025 Long Term Plan.

“There is a lot happening in 2014/15 and this is your chance to let us know what you think about the proposed Plan, so please take some time to have a look at it or attend one of our public meetings,” says Mr Dunlop.

The Annual Plan proposal is open for public consultation from Wednesday 2 April until Monday 5 May.

Full copies or summary copies of the Annual Plan Proposal are available from any LibraryPlus facility, the Council’s administration building in Hawera, or by clicking on the links below:

2014-2015 Annual Plan Proposal SUMMARY COPY

2014-2015 Annual Plan Proposal FULL COPY

2014-2015 Annual Plan Proposal ONLINE SUBMISSION FORM

* The District Rate is made up of the General Rate, Roading Rate and the Uniform Annual General Charge


 

By the numbers:

Total expenditure is $59.6 million

23% of Council expenditure goes into one activity – Roading

61% of all Council expenditure is on the 3 core activities of roads, water and waste.

38% of Council’s projected income will come from sources other than rates – 14% will come from the Council’s Long Term Investment Fund.

The value of the Long Term Investment Fund is projected to increase to $120.8 million compared to the earlier projection of $112.4 million in the Long Term Plan.

Total debt is projected to be $133.04 million by the end of 2014/15 - $800,000 less than was projected in the Long Term Plan.


Public Meetings

Public Meetings are also being held in each of the District’s four Wards:

 

Eltham Ward                          Tuesday 15 April, 7pm, Eltham Fire Brigade, 37 London St

Egmont Plains Ward                        Wednesday 16 April 7pm, Manaia Town Hall

Patea Ward                            Wednesday 23 April 7pm, Patea Old Folks Hall

Hawera Ward                         Wednesday 30 April, 7pm, west lounge TSB Hub, Hawera