There's an expectation a rates cap will prove challenging and require teaming up with central Government.  

The Government's proposing to stop rates increases at 4% a year, excluding water and other non-rates revenue. 

Councils wanting to go beyond this will need approval from a government-appointed regulator. 

Nelson Mayor Nick Smith told Mike Hosking he's not surprised councils have been targeted by the Government as it aims to reduce costs across the board. 

But he says delivery will require the Government to work with them to get costs down, especially in the construction sector. 

LISTEN ABOVE 

There's an expectation a rates cap will prove challenging and require teaming up with central Government. &nbsp;
The Government's proposing to stop rates increases at 4% a year, excluding water and other non-rates revenue.&nbsp;
Councils wanting to go beyond this will need approval from a government-appointed regulator.&nbsp;
Nelson Mayor Nick Smith told Mike Hosking he's not surprised councils have been targeted by the Government as it aims to reduce costs across the board.&nbsp;
But he says delivery will require the Government to work with them to get costs down, especially in the construction sector.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Nick Smith: Nelson Mayor on the Government proposing to cap rates increases at 4% a year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/948040bd-49cb-4922-bfb7-b3a6013513d1/transcript

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