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Thursday
May242012

Rates

I attach here Steve Baker's Power Point on the movement of rates over the ten year period, along with the borrowing.

Before you get too excited regarding rate movements, take a look at the borrowing. Combine that with the postponed capital works, (Stormwater), and canceled IT hardware and software ($5.5m), and I rest my case - this is all smoke and mirrors, and there has been an absence of candour throughout the whole proceedings.

You are about to be subjected to a sustained and totally unbalanced publicity campaign based on the theme of: "Aren't  we good boys and girls, worthy of another term in office, eh!"

And these are what were circulated as the "key figures asising from yesterday's presentation":

Average Rate Movements

 

2012/13

Ten Year Average

District as a whole

-5.39%

1.9%

Thames 

-9.38%

1.9%

Coromandel

-5.67%

1.6%

Mercury Bay

-2.50%

2.1%

Tairua/Pauanui

-7.81%

1.6%

Whangamata

-3.15%

2.2%

 

 

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