Property Council submission on Tauranga City Council's Long Term Plan
The Property Council in general opposes the Council’s Long Term Plan consultation document. We recognise the need to plan for growth in Tauranga however, we believe that alternative funding methods for infrastructure and targeted rates are better placed to do so than the proposed rates differential.
We strongly oppose the rating proposal to reduce the UAGC and introduce a rates differential. The commercial sector will effectively pay 1:1.8 when considering the economic development rate on top of the proposed 1.6 rates differential. This will have negative outcomes for Tauranga’s commercial sector and the Council’s Heart of the City project to rejuvenate the CBD. The flow on effects from a rates differential will also affect Tauranga’s residents in the form of increased consumer costs, reduced vibrancy and choice of commercial options in the CBD and potentially loss of employment.