page 42 Funding Impact Statement FUNDING IMPACT STATEMENT The total estimated expenditure for the Taranaki Regional Council for 2016/2017 is $25,361,779. This expenditure will be funded from the following sources. These funding/financing sources are consistent with the Council’s Revenue and Financing Policy. 2015/2016 Estimate $ 2016/2017 Estimate $ 2016/2017 LTP $ 4,835,724 General rates 4,743,441 4,324,483
of the project expected to be under this. The total contribution by Taranaki ratepayers remains under $50m, the same amount approved in 2019 after the public consultation and engagement process. The Council secured $30m in funding from the Government’s Infrastructure Reference Group Fund. Budget revisions were made during the redevelopment project due to the need to demolish and rebuild the East Stand as well as cost pressures and supply chain issues. The Stadium Taranaki targeted rate has
change and dealing with high inflationary pressures. To meet these challenges, the Plan includes additional investment and spending will rise to $53.8m (compared to $45m for 2023/2024 in the LTP). General rates will increase by $1.77m (15%) for 2023/2024 – an extra $30 per year for most residential ratepayers. The LTP had forecast a $0.58m (5%) rise for 2023/2024. The Dividend Equalisation Reserve, grown through the Council’s long-standing ownership of Port Taranaki Ltd, contributed $1m to offset the
under this. The total contribution by Taranaki ratepayers remains under $50m, the same amount approved in 2019 after the public consultation and engagement process. The Council secured $30m in funding from the Government’s Infrastructure Reference Group Fund. Budget revisions were made during the redevelopment project due to the need to demolish and rebuild the East Stand as well as cost pressures and supply chain issues. The Stadium Taranaki targeted rate has remained the same. The stadium's
page Monday, 4 May 2020 Public notice – rating information database The Taranaki Regional Council’s rating information database records all information required for setting and assessing rates on properties within the region. For each rating property, this includes its valuation and any categories that belong to that property that are used to charge separate targeted rates. This database is available for public inspection. It includes the physical street address of the
4,910,343 General rates 4,774,768 4,318,287 2,626,150 UAGC 2,837,090 3,255,888 1,820,603 Targeted rates 1,865,532 1,699,487 7,407,404 Direct charges 8,058,874 8,728,451 2,405,930 Government grants 2,007,987 1,883,854 4,924,700 Dividends 5,417,170 5,417,170 1,050,000 Rent revenue 1,050,000 1,093,903 0 Vested assets 0 0 0 Gains on property revaluation 0 0 525,000 Finance income 525,000 585,855 412,000 Transfer from reserves 40,000 40,000 (60,710) Transfer
includes an overall rates increase of 16.3% for 2024/2025. While in percentage terms this is higher than previous years, for most Taranaki ratepayers the financial impact will be measured in tens of dollars over the course of a year. The overall rates rise for year two of the Plan is 13.23% and is 10.19% in the third year. “We got an excellent response to our community conversation with nearly 340 people giving their feedback and we heard some passionate and knowledgeable submitters at the hearing last
cover many parts of our core work. Public feedback will help determine what we prioritise and where the funding goes to ensure we keep delivering services essential to the wellbeing and future of our communities.” The Council is proposing an overall rates increase of 16.3% for 2024/2025. While in percentage terms this is higher than previous years, for most ratepayers the financial impact will be measured in tens of dollars over the course of a year. Mrs Littlewood says the Council had worked hard
could continue a little longer however with the Government withdrawing funding that is not feasible. “The Council unfortunately cannot afford to cover that cost ourselves, especially with uncertainty around wider public transport funding and rates already forecast to rise.” Mr Nield says the Council has been working hard to make public transport more accessible and efficient. Over the next few weeks, the Southlink service from Ōpunake to New Plymouth return will increase from three to five days per
future but the rates on hold in wake of COVID-19 pandemic. Talking Taranaki March 2020 New year brings new challenges - while NP residents do their bit for biodiversity and SH43 gets some much-needed love. Talking Taranaki November 2019 New Council hits the ground running - and the Government's latest waterways proposals are an immediate priority Talking Taranaki August 2019 Accolades and good results for Taranaki's large-scale streamside fencing and planting project Talking Taranaki June 2019 This