The reality of rates caps

Lots of ratepayers will welcome it but reduced services, delayed repairs and outdated sports grounds are among the possible costs to ratepayers with capped rates rises. This week, the Government said it will limit rates rises to 4% a year throughout the country by 2029. It's been tried overseas with limited success, to the extent a New South Wales mayor has warned our local authority leaders about the risks of rates caps. Hamilton is New Zealand's fastest growing city. New mayor Tim McIndoe has signalled tough times ahead as the city council scrambles to save money in line with the changes. He joins Susie Ferguson from Kirikiriroa.

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