Waikato District Council is reaching out to its communities across the district on a proposed 13.75% general rate increase as part of its draft 2024/25 Annual Plan. This initiative aims to ensure that residents can voice their opinions and contribute to the decision making process.
The Council acknowledges the impact of this proposed rate increase on everyday living cost and the need to work together during these difficult times.
Waikato District Mayor Jacqui Church says, “while our current financial projections may not be affordable for many ratepayers, this draft annual plan allows us to reset, find alternative funding sources, and make necessary adjustments."
Affordability concerns have been a priority for the Council. The proposed rate increase reflects the Council's commitment to maintaining essential services, completing planned projects, and upholding infrastructure standards. It also emphasises the importance of working within means and keeping rates as affordable as possible while delivering on the Council's vision for a liveable, thriving and connected communities.
The Council's 2021-2031 Long Term Plan accounted for a consumer price index of 3.3% per year from June 2021, while actual costs have increased by almost three times this amount, at 9% per year. The proposed rate increase of 13.75% aims to sustain essential services and infrastructure, although with challenges posed by limited funding sources.
"We have explored various options to mitigate the impact of this proposed increase, including finding savings and alternative funding sources. We invite our communities to have their say about the proposed rates increase and share their feedback as we navigate these challenges together," added Mayor Church.
For more information and updates, please visit the Waikato District Council's website.
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