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4 Dec 2024 22:20
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  •   Home > News > Business

    A higher rates rise could be on the cards in Christchurch

    A higher rates rise could be on the cards in Christchurch


    The council is now forecasting a 9.76 percent rates rise next year -- rather than the 8.48 percent rise currently planned.

    Head of Finance Russell Holden says the council's high fixed costs make things hard.

    He says it's difficult to make significant reductions to the figure, without changes to the services council provides.

    Meanwhile, councillors are weighing up whether to update the council's procurement policy.

    It would see the council only do business with businesses involved in the building and maintenance of illegal Israeli settlements in exceptional circumstances, with CEO approval.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     04 Dec: A decline in most dairy prices at this morning's latest Global Dairy Trade auction
     04 Dec: New modelling shows how Trump’s trade tariffs will hurt – and help – New Zealand
     04 Dec: The Titans have denied a release request from the management of club rookie of the year Josiah Pahulu to join the Bulldogs in the NRL
     04 Dec: A popular Wellington food producer has gone bust, after 30 years in businesses
     03 Dec: Energy Resources Aotearoa says gas producers were severely damaged by the previous ban on oil and gas exploration
     Top Stories

    RUGBY RUGBY
    All Blacks second five Jordie Barrett is ready for more rugby to close out 2024 as he embarks on a temporary chapter abroad More...


    BUSINESS BUSINESS
    Trademarks that will never be used can be ‘bad faith’ business – a UK case has lessons for NZ and Australia More...



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