Flood cash boost no rates-saver

Sunday 26 September 2004

The Government's $10 million injection of flood-protection funds for the Coromandel Peninsula will not reduce bills for Environment Waikato ratepayers.

By The Landlord

That is the message from EW chief executive Harry Wilson, who said the Government's help would broaden the scope of the $28 million project, rather than providing a ratepayer discount.

Although he was "pleasantly surprised" by the extent of the Government's commitment, Mr Wilson said the extra money would not speed up plans for the project. If the Government had not made a contribution ratepayers would have received a scaled-down job, he said.

The first priority was to start maintenance work at Te Puru, Waiomu/Pohue, Tapu and Coromandel town, which would begin this financial year.


Read More - Opens in a new window
Commenting is closed

Property News

Downward pressures might push investors out

There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Industrial holdings leave Provincia in strong position

Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.

Mortgages

OCR reaction: Reserve Bank open to lower, negative rates

Economists say that the Reserve Bank has left the door open to lower or even negative rates, as it kept the official cash rate on hold in its Monetary Policy Statement (MPS) today.

Site by PHP Developer