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23 Oct 2024 12:21
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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
     23 Oct: The boss of New Zealand's biggest bank has pushed back against questions over its sky-high profits
     23 Oct: New research has revealed pipfruit export growth is outstripping national export growth
     22 Oct: Donald Trump and Peter Dutton have both embraced populism. Are working-class voters buying it?
     22 Oct: More push back to the Government's proposed fast-tracked development of the Coronet Peak base
     22 Oct: The New Zealand Franchise sector's grown by more than 10-billion dollars in the last three years
     22 Oct: A big player in the dairy industry both in New Zealand and abroad, Theo Spierings , has died
     21 Oct: The family of a 24-year-old killed in an Auckland workplace accident - are welcoming a multi-million-dollar court settlement
     Top Stories

    RUGBY RUGBY
    Fullback Ruben Love and loose forward Peter Lakai have both been named to debut off the bench in the All Blacks team to face Japan on Saturday in Yokohama More...


    BUSINESS BUSINESS
    The boss of New Zealand's biggest bank has pushed back against questions over its sky-high profits More...



     Today's News

    Entertainment:
    Liam Payne was honoured at the Rock and Roll Hall Of Fame induction ceremony on Saturday night (19.10.24) 12:05

    Netball:
    The Australian netballers are at a loss to explain their run of seven defeats in New Zealand 11:57

    Business:
    The boss of New Zealand's biggest bank has pushed back against questions over its sky-high profits 11:47

    Entertainment:
    Liam Payne was forced to extend his trip to Argentina due to issues with his visa 11:35

    National:
    Donald Trump is planning more trade barriers if he becomes president – but they didn’t work last time 11:17

    Health & Safety:
    Israel's military confirms killing of late Hezbollah leader Hassan Nasrallah's expected successor, Hashem Safieddine 11:17

    Rugby League:
    Second-rower Jackson Ford is the latest player to re-commit to the Warriors, signing a two-year contract extension to the end of the 2027 NRL league season 11:07

    Entertainment:
    Rosie O'Donnell's daughter has been charged with felony child neglect and drug possession 11:05

    Law and Order:
    An Auckland woman has been charged with misconduct in respect of human remains 10:47

    Entertainment:
    Suzi Quatro had no idea she was paving the way for artists including Blondie's Debbie Harry and Joan Jett to embrace being "different" 10:35


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