Palmerston North City Council adopted the Annual Budget for 2017-18 on 26 June 2017. It’s year three of the 10 Year Plan 2015-25.
The Annual Budget follows the direction set in the 10 Year Plan with updates to the budget where required to reflect changed circumstances. This includes things like progress with programmed works, lower interest rates on borrowing, and lower inflation rates.
For the year beginning July 2017 there’ll be an overall rates increase of 2.9 per cent. This is down from the 3.1 per cent proposed in the provisional budget.
As always, the budget reflects our commitment to responsibly manage and renew the city’s infrastructure. At the same time we’re investing in some really exciting projects that will bring huge benefits for the city. These include the Central Energy Trust Wildbase Recovery Centre, the He Ara Kotahi cycle and pedestrian bridge, and the redevelopment of our Central Library.
We’ve also committed to paying back an extra $130,000 in debt in preparation for major projects in the future, including the city’s wastewater upgrade.
Read the Annual Budget
You can download the budget from the bottom of this page, along with budgets for the previous five years. You can also pick up a copy from the Council Civic Administration Building or any branch of the Palmerston North City Library, or call us on 06 356 8199 and ask us to send you one in the post.
We received 149 submissions to our proposed Annual Budget when we went out for feedback. We used social media as well as more traditional methods to raise awareness of the plan and promote the different ways you could tell us what you thought of it. These included face-to-face sessions with Councillors and Council staff in libraries, schools, community centres and markets, and an online survey.