What's happening with rates?
Isn't this a bit different to what's happened in the past?
What's the LTP?
Council has a number of projects that are currently underway. These include:
Te Puke/Maketu Ward
Katikati/Waihi Beach Ward
District-wide projects include:
how our plans have changed and Full list of projects
Financials at a glanceWhat Each Category in the Graphs mean:
This graph shows Council's Debt Forecast
As many of the assets we build are expected to be used over the next 20 to 100 years, we cannot rate for it all at once. In order to finance this expenditure we need to borrow from the banks to do this.
The graph shows the forecast debt balances for the current 2016/17 year, the 2017/18 year and the Long Term Plan forecast for 2017/18. As you can see the movement is a positive one, with debt expected to be $14m lower than the Long Term Plan Forecast.
The reduced balance is the result of project deferrals, improved financial contribution and user fees income and savings made on the One Network Maintenance roading contract in 2015.