Rates rise of 4.3pc likely
Palmerston North ratepayers could face a 4.3 per cent overall rates increase in the coming financial year.
The increase is signalled in the first version of the city council's Draft Annual Plan, which will be debated by the committee of council on Monday before release for public consultation.
The draft increase is below the 5.5 per cent foreshadowed in the council's 10-year plan, but higher than this year's 3.9 per cent.
It would mean a ratepayer owning a home with the average land value of $136,000 would pay rates of $2154 next year, or $41.42 a week. At the moment the same ratepayer is paying $2086 a year, or $40.12 a week.
One of the big projects that could start to impact on the rates, which was not anticipated in the 10-year plan, is a proposed $2.9 million filtration system for the wastewater treatment plant to remove phosphorus from the discharge.
The proposal aims to address the health of the Manawatu River and Horizons Regional Council's moves to tighten up conditions on the quality of the discharge.
There is $900,000 in next year's draft budget for the project.
Mayor Jono Naylor said it was the third year of implementing the 10-year-plan, with few other surprises.
- © Fairfax NZ News
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