Government caps council rates increases at 4 per cent
The Government has announced a cap on council rates increases of 4 per cent annually, though mayors warn services could suffer.
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The Government has announced a cap on council rates increases of 4 per cent annually, though mayors warn services could suffer.
Rate caps intended to help Auckland households may not save as much money as expected because councils still need funding to operate.
Local Government Minister Simon Watts has confirmed the government will cap annual council rate increases at between 2 and 4 percent, with legislation to take effect in 2029.
The Government has announced action on rates, addressing a long-running issue.
The government says a rates cap will lead to reduced council services and higher user fees, which is an intentional part of the policy.
A law change will limit annual council rates rises to a maximum of 4 percent.