Council adopts Annual Plan 23/24
3 Jul 2023, 10:44 AM
Councillors have adopted the Council’s Annual Plan 2023/24 and confirmed rates for the coming financial year. Over the next 12 months the Annual Plan will see Council invest in essential infrastructure, climate action, and progressing projects that are important to communities including the Waikanae Library/Community Hub, Te Newhanga Kāpiti Community Centre, Ōtaki Beach Pavilion upgrade, helping to address housing needs where it makes sense, and improving the district's resilience to extreme weather events.
In adopting the Annual Plan, Council agreed to an average rates increase of 7.8 percent for 2023/24, slightly below the 7.9 percent forecast in year three of our Long-term Plan. The impact on individual ratepayers will vary depending on the location and the value of the property.
Mayor Janet Holborow said planning for the year ahead and finding that balance between keeping rates affordable and investing in our district was especially challenging in the current financial climate and within the constraints of the current Local Government funding system.
“We know an increase is not what people want to hear but it’s simply unavoidable. The increase is mainly driven by external factors such as inflation, interest rates, increased labour costs and depreciation.”
The Annual Plan 2023/24 was developed following a series of elected member workshops earlier this year. To learn more about this process, the Annual Plan, and your rates for 2023/24 visit, www.kapiticoast.govt.nz/DeliveringForKapiti.