This work will be undertaken (and the cost incurred) over the duration of the 2021-31 Long-Term Plan, but the portion of the government compliance targeted rate aimed at District Plan costs will only be collected over the first five years. In the first year, the compliance targeted rate would be equivalent to a 4.5% average rates rise, increasing by 4.9% annually from 2022/23.
We’re also proposing to transfer funding for development at Hamilton Gardens from a targeted rate to the general rate.
These changes, combined with the increase to the general rate, would mean an 8.9% average rate increase to existing ratepayers in 2021/22.
We'll be out and about across the city.
Come and chat to us at one of our pop-up events. Check out where we'll be at futurehamilton.co.nz/events
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