Auckland Council sets higher rates for residents, stable for business

Auckland Mayor Len Brown

Auckland’s average rate rise for the next financial year will be 2.5%, following adoption of a new plan.

The Annual Plan for 2014-15 indicates an investment into $1.15 billion of new and improved assets.

The average rates increase for the period was reduced from an average of 4.9% projected in the council’s 10-year long-term plan.

It is an average increase of 0.1% for businesses and 3.7% for residents.

The council says the annual plan included $183 million of efficiency savings to be achieved across council.

The plans also includes investment of $1.15 billion in new and improved assets, including:

  • $215 million to buy more electric trains and $70m to progress the City Rail Link
  • $97 million to invest in local and sports parks
  • $23 million to continue development of new libraries in Massey North, Te Atatu Peninsula, Devonport, Flat Bush and Ōtāhuhu
  • $23 million to upgrade town centres, including New Lynn, Westgate, Māngere,  Mt Albert and Pukekohe.

vyoung@nbr.co.nz

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