News | Business
7 Nov 2025 7:53
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Wellington City Councillors will consider reducing a proposed rates hike when it looks at a pandemic response budget this week

    Wellington City Councillors will consider reducing a proposed rates hike when it looks at a pandemic response budget this week


    A proposed rates hike of 9.2 percent had been floated prior to the coronavirus outbreak.

    Staff are now recommending rates increase by 4.8 percent for the upcoming year - which would result in debt-funding 68-million dollars.

    But, councillors are being told this would still likely see a rates rise as high as 10 percent for the following year.

    It's been estimated council revenue will be down by 28 million dollars this year, and drop another 30-million dollars next year.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     06 Nov: Assurance power is coming back on in the Far North, following an equipment failure's knocked out power for thousands of homes
     06 Nov: Labour Weekend - and weather - played a big role in consumer spending in October
     06 Nov: Air New Zealand's changing its pet travelling rules - restricting crate-size limits for smaller aircraft on regional routes
     06 Nov: New Zealand has outpaced Australia - in securing its own Michelin Guide
     05 Nov: The long awaited economic recovery could be beginning - with expectation unemployment's hit its peak
     05 Nov: The Reserve Bank says the country certainly isn't out of the woods, but our banks remain well placed to weather what comes next
     05 Nov: Rising unemployment is still being felt more in certain regions, sectors, and age groups
     Top Stories

    RUGBY RUGBY
    An improving picture for All Blacks captain Scott Barrett and his hopes of playing again on the grand slam tour More...


    BUSINESS BUSINESS
    Assurance power is coming back on in the Far North, following an equipment failure's knocked out power for thousands of homes More...



     Today's News

    International:
    Andrew Mountbatten Windsor summoned by US Congressional panel for questioning over ties to Jeffrey Epstein 7:47

    Environment:
    Inaction on 1.5C climate change target a 'moral failure', says UN Secretary-General at COP30 7:47

    Basketball:
    Breakers guard Izaiah Brockington has relished the challenge of defending against five-time NBL MVP Bryce Cotton in the 83-79 defeat to the Adelaide 36ers at Christchurch 7:47

    Entertainment:
    Diane Ladd has died at the age of 89 7:37

    Law and Order:
    The Police officer who led the investigation into the murder of Waimate man Anaru Moana is gutted his body hasn't been found 7:37

    Rugby:
    An improving picture for All Blacks captain Scott Barrett and his hopes of playing again on the grand slam tour 7:27

    Law and Order:
    Two off-license premises in the Central North Island town of Taihape have been caught selling alcohol to underage volunteers 7:17

    Entertainment:
    Grateful Dead singer Donna Jean Godchaux-MacKay has died aged 78 7:07

    Environment:
    Wellingtonians have reported being jolted in their sofas and beds last night - by a sharp 4.9 magnitude earthquake 7:07

    Entertainment:
    Prince William has been given the keys to the city of Rio de Janeiro 6:37


     News Search






    Power Search


    © 2025 New Zealand City Ltd