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The Draft Annual Plan is also an opportunity to check in with
the community to let them know how the Council is tracking against the budget
outlined in the LTP 2024-34.
The main proposals are:
· An overall average
rates increase across all properties
of 7.58%. This is lower than the 8.48%
projected in the LTP. Proposed Property Rates for Residential, Business
and Remote Rural Properties are attached (Attachment A).
· Pausing the collection of the targeted rate to help
reinstate the Christ Church Cathedral for the remaining three years Council
had left to collect it.
· Operational expenditure – spending on everyday services such as rubbish collection
– of $718.5 million. That is $23.8 million more than what was in the
LTP. The increase is mainly owing to additional inflation than provided for
in the LTP, increase in staff costs, additional water services maintenance
costs, higher Burwood Landfill operating costs, higher regulatory costs,
higher electricity costs, and a number of variances across different areas.
· Capital expenditure
– Council plans to invest
$735.4 million in the capital programme in 2025/26, an increase of $29.6
million from that shown in the LTP. Additional
capital programme expenditure is for Washington Park Skate Park upgrade or an
alternative venue for a potential vert ramp, retiming the upgrade of Jellie
Park, additional water supply mains renewals, retiming of funding for Akaroa
wastewater treatment plant, linking various cycleways, and intersection
improvements.
· Borrowing - Council’s borrowing at 1 July 2025 is
forecast to be $119 million lower than forecast in the LTP. The Draft Annual
Plan proposes to include new borrowing in 2025/26 of $442.7 million, an
increase of $66.3 million on the LTP, largely reflecting lower capital
revenues.
· Council-owned Properties – there is one property within Te Pātaka o
Rākaihautū Banks Peninsula Community Board that the Council
proposed to seek community views and preferences as to their future use with
the Draft Annual Plan 2025/26 that being 36 Brittan Terrace, Lyttelton.
(Zoned residential). (Attachment B).
· Consultation Questions
– The consultation questions that the Council are asking for submitters
to answer. (Attachment C).
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