Rate Capping: the difference between 2.5% and 4.5%

At 4.5% ($1.80 a week or $94 a year increase for a house valued at $300,000)
  • Long term financial sustainability will improve over time
  • Services and infrastructure will not be reduced beyond operational efficiency targets
  • Operational savings will be redirected to capital works to meet increased need for community infrastructure in our urban growth areas and for ageing assets in our rural areas
At 2.5% ($1 a week or $52 a year increase for a house valued at $300,000)
  • Funding shortfall of $633,000 in the first year and $44 million in lost revenue over 10 years
  • Long term financial sustainability will deteriorate (especially our asset renewal and underlying deficit)
  • Deteriorating standard of assets with potential for closures
  • Inability to respond to unforeseen circumstances
  • We will not be able to meet the service and infrastructure needs of a growing community
  • Community services will be reduced (potential cuts are mentioned below)
  • Infrastructure and capital works will be delayed (potential cuts are mentioned below)

Consultation has concluded