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7 Jul 2025 19:23
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  •   Home > News > Business

    A higher rates rise could be on the cards in Christchurch

    A higher rates rise could be on the cards in Christchurch


    The council is now forecasting a 9.76 percent rates rise next year -- rather than the 8.48 percent rise currently planned.

    Head of Finance Russell Holden says the council's high fixed costs make things hard.

    He says it's difficult to make significant reductions to the figure, without changes to the services council provides.

    Meanwhile, councillors are weighing up whether to update the council's procurement policy.

    It would see the council only do business with businesses involved in the building and maintenance of illegal Israeli settlements in exceptional circumstances, with CEO approval.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     07 Jul: The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects
     07 Jul: Tweaks to the Family Boost scheme from this month - aiming to help combat high living costs, and cover people missing out
     07 Jul: The Government's expanding the its FamilyBoost scheme, with changes taking effect retrospectively from the start of this month
     06 Jul: Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland
     05 Jul: The Toyota's RAV4's held it's top spot as the favourite passenger car - in a standout month for vehicle sales
     05 Jul: A surge in new car sales - on the back of a tough couple of years for the market
     05 Jul: An independent report on the Northland Expressway, is sowing doubt over the project's future
     Top Stories

    RUGBY RUGBY
    The All Blacks have identified the contests under the high ball as an area they'll need to tidy up ahead of the second test against France in Wellington More...


    BUSINESS BUSINESS
    The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects More...



     Today's News

    Entertainment:
    Patsy Kensit has broken her shoulder in "three places" 19:06

    Motoring:
    The German Track Cycling Championships has been abandoned on its final day after two cyclists crashed into the crowd - injuring several spectators 18:57

    Rugby:
    The All Blacks have identified the contests under the high ball as an area they'll need to tidy up ahead of the second test against France in Wellington 18:37

    Entertainment:
    Jennifer Lopez has detailed the "very difficult time" after her split from Ben Affleck in a new song 18:36

    Health & Safety:
    The Midwives Union says hospital maternity spaces are unique and need to be protected 18:17

    Entertainment:
    Sir Ringo Starr gave "extensive notes" to Sir Sam Mendes about his Beatles biopic 18:06

    Entertainment:
    Sir Lewis Hamilton experienced a massive culture shock when he moved to Formula One team Ferrari - although he is happy he no longer has to endure the smell of curry on race days 17:36

    Law and Order:
    The search continues for 57-year-old Aucklander, Ella Davenport, missing since June 20 from her Mangere East home, on Hain Avenue 17:27

    International:
    Hundreds of girls were 'living their best life' at Texas summer camp. Then disaster struck 17:07

    Entertainment:
    Yungblud "found solace in being similar" to Ozzy Osbourne 17:06


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