Year 2 of the 2021-31 Long Term Plan proposes capital investment totalling $143m for asset renewals, infrastructure to support growth and projects already underway, and will be supported by a proposed debt increase of $84m. An average general rates increase of 5.7% is proposed for the 2022/23 financial year, which starts 1 July 2022.
There are no significant variations from the LTP and realistically, there seems little ground or purpose for renewed submissions (relevant matters were debated during the LTP proposals). The proposed rates increase is very much in line with current inflation and impacts are similar across all sectors of the community.
Further detail can be accessed on Council’s website HERE