Stats NZ’s latest figures show annual inflation at 3%, right at the top of the Reserve Bank’s target range. Yet across New Zealand, local authority rates jumped 8.8%, making them one of the biggest drivers of inflation. (read the article here)

When household budgets are under pressure and core inflation is still a challenge, a 3% rates cap looks like not only a necessity but simple common sense.

We are busy working on a briefing to the new council which will outline a range of options they could choose that would deliver an average 3% rates increase without requiring cuts to core council services or engaging in a “slash-and burn” exercise.

Would you be happy with anything above 3% ?? We will share our paper once finalised and you can decide.