Overall increase of 5.5% as council sets rates

The Dunedin City Council's rates were officially set for the year yesterday, with a 5.5% overall increase.

That was made up of a 6.4% rise in general rates, and a 4.3% rise in targeted rates, such as water, drainage and kerbside recycling.

Cr Richard Walls said the city's finances were tight, with debt "possibly to the maximum", because of major capital projects undertaken.

But the city had always managed its debt "very, very competently", he said.

 

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