Search

Home > Checkpoint > Rates cap could worsen financial strain on councils - agency
Podcast: Checkpoint
Episode:

Rates cap could worsen financial strain on councils - agency
Category: News & Politics
Duration: 00:06:43
Publish Date: 2026-04-30 04:47:00
Description: The goverment wants to cap rate increases at between two and four percent a year, saying double digit increases year after year are unsustainable for households. It plans to bring in a new law by January 2027, with a two year transition to caps. S & P said councils don't look ready to comply, only 5 out of 78 managed to deliver a rate increase below four percent for the 2025, 2026 year. LGNZ Board member and Palmerston North Mayor Grant Smith spoke to Lisa Owen.
Total Play: 0

Some more Podcasts by RNZ

800+ Episodes
Mediawatch    
11K+ Episodes
Morning Repo ..     10+
7K+ Episodes
Nine To Noon     4
60+ Episodes
re_covering 1    
2K+ Episodes
Sunday Morni ..     8
1K+ Episodes
The Detail     4
300+ Episodes
RNZ: Insight 20+     5
8 Episodes
Coastwatcher ..