A coalition of mayors and independent financial experts are urging the Government to greenlight an alternative scheme to rates caps.

They're proposing allowing ratepayers to defer the increased payments and instead lodging the debt against the properties they own once the houses are sold.

Nelson mayor Nick Smith unpacked the scheme further.

LISTEN ABOVE

A coalition of mayors and independent financial experts are urging the Government to greenlight an alternative scheme to rates caps.
They're proposing allowing ratepayers to defer the increased payments and instead lodging the debt against the properties they own once the houses are sold.
Nelson mayor Nick Smith unpacked the scheme further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Nick Smith: Nelson mayor on the coalition of mayors proposing alternative solution to rates cap

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b332e985-67eb-4d0e-90da-b46a007c6f5d/transcript