Property Council submission on Tauranga City Council Annual Plan 2019/20
Property Council recommends Tauranga City Council:
· take a leadership role by revising and reprioritising current projects and costs in order to tackle financial implications now, not leave it to future councils (or ratepayers);
· provide a much fuller discussion of the short-, medium- and long-term implications of different rating proposals and transparency of the reasoning behind the proposed rate increase;
· provide alternative options that will not result in the council breaching the debt to revenue ratio within the next three to six years; and
· investigate and consult on alternative funding mechanisms such as targeted rates, public-private partnerships, toll roads, and any new funding solutions the Government or Productivity Commission are considering, to reduce the exponential rating burden in later years of the Long Term Plan.