Residents to face rates hike of 2.95%

Invercargill ratepayers can expect an increase of 2.95% for the next financial year, less than the 3.14% which was forecast.

The Invercargill City Council finance and policy committee last week approved a draft to its 2019-20 annual plan.

The document would be presented to the council this week to potentially be adopted.

Council financial controller Dale Booth said council did not need to consult on the draft because it did not change much from what was in the long-term plan.

Core infrastructure projects in the annual plan included $3.5 million for roading reconstruction and resealing, $1.5 million on footpath renewals and $2 million for completing LED and upgrading streetlight projects.

Another $1.7 million would be invested in a two-lane conversion of Don St and right-hand turn on to Esk St.

The council also budgeted $10.7 million for water, sewerage and storm water networks.

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