Port gets credit for 1pc regional rate increase

ISOBEL EWING
Last updated 05:00 25/02/2014

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Taranaki householders have the port to thank for a rates rise of just 1 per cent, the Taranaki Regional Council says.

The council's proposed rates rise follows a 1.5 per cent increase in the current year and no increase last year.

Council chairman David MacLeod said the council had not had to borrow money in recent times thanks to dividends from Port Taranaki.

"Over time that's produced a buffering effect to rates," he said.

It helped that the port was doing well at the moment.

"The port contributes up to a third of the cash required to run the council. It's a major asset."

The council is processing more resource consents each year, granting 354 in the 2011/2012 year and 446 in 2012/2013, and has increased resources to keep up.

Major projects in the council's draft annual plan for 2014/2015 include continuing the review of the Fresh Water Plan for Taranaki, distribution of 550,000 plants for the riparian planting programme, the upgrade of Pukeiti and continuing the three-year project to upgrade flood defences on the lower Waitara River.

Submissions on the plan close on April 22.

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- © Fairfax NZ News

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