WyleECoyoteNZ:
Then $134 Million over 80,000 rateable properties is around an extra $1600 per rateable property, per year.
Either way, it'll be a big cost for the people of Wellington to have to pay for.
There have all ready been large rates increases this year, now they want to increase them even more ?
Buried Deep in the LGWM are plans for "alternative" funding sources,
They looked at both Congestion charging, and also a commuter car parking levy,
They estimated that the Congestion charge wouldn't make much money ( in fact it would probably cost more to run than it brought in )
But the Parking Levy on all day parking (basically parking buildings and private business parks) could bring up to $50 million a year, ( if they taxed each park $5000/year)