Effective rates hike proposed for Christchurch

8:13 pm on 10 June 2011

Christchurch City Council is proposing effectively to bump up rates, to 7.08%.

At a meeting on Friday, the council confirmed its draft annual plan, agreeing to a rates rise of 5.32%, a number already proposed before the February earthquake

But an additional levy of 1.76%, to be paid for the next five years, has also been recommended.

This is to cover a projected deficit of $73.8 million, which the council says it is expecting in the next three years.

This is due to a loss of income - such as parking fees at inner-city car parks which are within the red zone, and a reduction in swimming pool and gym fees where facilities have been damaged in the quake.

The public will have until 29 June to make submissions on the plan.