$1.4m in savings found

Overheads, power targeted in review

Last updated 14:44 12/02/2013

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An activity and service review at New Plymouth District Council has identified $1.4 million in savings for next year. 

If implemented, the savings would cut the 2013/14 rates increase from 6.6 per cent to 4.6 per cent. 

The bulk of the savings will come from council reducing its overheads by $603,000 and electricity use by $300,000.

The $850,000 major events fund that helped bring such acts as Fleetwood Mac, Elton John and Jack Johnson to New Plymouth is proposed to be reduced by $200,000.

It is also recommended the controversial $28m TSB Stadium upgrade, pegged to start in 2015, be reconsidered in the 2015-2025 long term plan. 

The review also recommends the council drastically reduce how much it takes from its $227m perpetual investment fund next year from $17m to $10.7m.

Public submissions on the proposed savings will be sought through the annual plan process, with council first debating the draft plan next week. 

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- Taranaki Daily News


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