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Auckland ratepayers $1.2 million better off

Published: Fri 4 Jul 2003 02:35 PM
MEDIA RELEASE
4 July 2003
Auckland ratepayers $1.2 million better off
Auckland City ratepayers will be $1.2 million better off if they take up Metrowater’s ten per cent discount for prompt payment.
The extra $1.2 million in ratepayers’ pockets comes from a $9 million saving if the Metrowater discount is taken up by all ratepayers, minus the 2.5 per cent ($7.8 million) Auckland City rates increase this year.
“This is great news. If Auckland City ratepayers take up Metrowater’s offer they will be paying $1.2 million less for council services this year”, says Councillor Douglas Armstrong.
Metrowater is a wholly owned subsidiary of Auckland City council, who just announced a 2.5 per cent rates increase this year that was the lowest in the region and one of the lowest in the country.
The 2.5 per cent rates increase equates to $7.8 million being collected this year by Auckland City.
“Not only have we limited rates to the rate of inflation, we have left Auckland City ratepayers with a substantial amount in their pockets”, adds Mr Armstrong.
Ends

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