It’s how we check if we’re still on target to deliver on that plan, and we’ve updated it to reflect changed circumstances and revise the timings of some of our programmes.
This proposed budget confirms our priorities and projected revenue and costs for the next 12 months, from 1 July this year to the end of June next year. It’s also how we determine rates.
The consultation document highlights changes to our 10 Year Plan and confirms how our catalyst projects are progressing.
We've summarised the key points for consultation here:
Proposed rates increase lower than projected
Council is proposing to increase total rates by 4.4% (down from 5.2% projected in the 10 Year Plan). This lower increase has been helped by interest costs being lower than assumed in our 10 Year Plan. Use our simple search tool to see the current and proposed rates for your property.
This project is investigating how we manage wastewater in Palmerston North and what we’ll need to achieve before 2022 to bring our wastewater management and infrastructure up to a future-proofed standard.
Recent indications are this will cost considerably more than projected in our 10 Year Plan. Council is conscious of this when making commitments to other programmes.
Additional debt repayment
Each year Council pays off some of the loans taken out to build new city infrastructure. We are proposing to pay off $500,000 in 2020-21 than originally scheduled. This will position Council to borrow the large sums required in the coming years to fund major projects, especially for wastewater.
This is our last budget before our upcoming 10 Year Plan (2021-31), so we're also seeking your feedback on what should we be considering in that.
Have your say by 20 April
To have your say, fill in our online submission form, or complete and return the submission form at the back of the consultation document.
All submissions will be acknowledged in writing and given to the Mayor and Councillors, who will consider the views and comments expressed when finalising the budget.
Please note submissions will not be returned, so if you want a copy, please keep one. If you're submitting an online form it can be a good idea to first write your feedback in a Word document and then copy and paste it into the form.
What's happening with the Annual Budget consultation under level-4 restrictions?
Please continue to send us your feedback. Submissions will be processed when our team return to the office. We appreciate you taking the time to consider your submission and will be in touch in due course.
Hearings scheduled for 8 & 11 May
Please note that in the current Covid-19 environment, these dates are subject to change.
We're holding hearings in the Council Chamber on Friday 8 May and Monday 11 May. There will be three sessions each day:
- Morning: 9am to 11am
- Afternoon: 3.30pm to 5.30pm
- Evening: 7pm to 9pm
Annual Budget submission form
This form is for you to let us know what you think about our proposed Annual Budget for Year 3 of the 10 Year Plan for 2018-28 and what we should be thinking about going into the next 10 Year Plan. Please make it clear if you're representing an organisation by filling out the relevant field below.
Fields marked with * are mandatory.
Submissions are open until 4pm on Monday 20 April.