21 Feb 2013

Draft report indicates big rates rise in Christchurch

10:20 pm on 21 February 2013

A draft financial plan from the Christchurch City Council indicates homeowners' rates could go up by 6.6%.

On 11 February, Earthquake Recovery Minister Gerry Brownlee announced a proposal to reduce the council's mandatory 10-year financial plan to three years due to the extraordinary circumstances arising from redent quakes.

The draft three-year plan was released on Thursday and indicates ratepayers may face a rates rise of 6.6% over that time.

Councillors will formally consider the recommended draft plan at next week's full council meeting.

Public submissions are being sought on the plan.