新西兰ZT: Aucklanders face 2.5 per cent rate rise
Aucklanders will face rates rises of 2.5 per cent next year, according to the budget revealed by mayor Len Brown today.
The financial plan said savings of $24 million would be made in the council's expenses in order to keep the rates increase below 3 per cent.
There would also be $1.2 billion spent on new capital investments during the 2014/15 year.
Brown said he had been determined to deliver lower increases, although some areas would see significantly higher rates as legacy charges were brought into line.
"We cannot take our eye off debt levels and will be looking closely at these as part of the review of our long-term plan in 2014. We need to balance the investment required to deliver the city Aucklanders want with responsible financial management."
The budget was set to be adopted on Thursday, November 21. The council's annual plan is expected to be adopted on December 19.
drop own pants, rise our rates, fk you len brown