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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.
The Wellington City Council’s 10-Year Plan is ready for adoption, after the Mayor and Councillors passed the proposed plan at today’s deliberation session.
Mayor Justin Lester says the plan reaffirms the Council’s commitment to delivering for Wellingtonians.
“The 10-Year Plan gives us the mandate to move ahead on our plans for resilience, housing, transport, a sustainable economy and the creative and cultural sector,” he says.
Wellingtonians will welcome the news that the city’s rates increase, which was originally proposed at 4.5 percent, has come down to an average increase of 3.8 percent a year over the 10 years.
The Mayor says officers have worked hard to trim the fat and find alternative avenues of funding, despite cost increases around insurance.
“For example, the New Zealand Transport Agency has increased its cap on funding, which means a net gain for us of about $2 million a year,” says the Mayor.
The Long-Term and Annual Plan Committee on Wednesday agreed the council should adopt the Long-Term Annual Plan following a consultation process that attracted more than 2000 public submissions.
The 10-Year Plan has strong public support – 72 percent of 2066 submissions agreed with the Council’s vision for Wellington.
The city’s future was also strongly represented with 19-30-year-olds making up 25 percent of submitters, despite being just 19 percent of the city’s population. Nearly 50 percent of submitters were aged 40 or under.
The plan involves investing $……….
Continue reading this article at the original source from Scoop Wellington
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