Articles tagged with Rates
Understanding Council Spending: Impact on Rates & Communities | Local Government Minister Simon Watts
5 hours ago | 58 viewsLocal Government Minister Simon Watts emphasizes the importance of councils' spending transparency and its impact on ratepayers. The government aims to empower ratepayers by providing clear data on council performance and spending, allowing for better engagement and accountability. Additionally, there is a focus on councils delivering essential services efficiently and supporting communities through a potential rates capping system to ensure responsible spending.
Tags: Key metrics councils spending rates Local Government Minister Simon Watts ratepayers infrastructure fiscal management local governmentFinance Minister Nicola Willis: Inflation Under Control as Govt Focuses on Economic Growth
1 week ago | 184 viewsNew data released by Stats NZ today shows inflation at 2.7 per cent for the 12 months to the June 2025 quarter, remaining within the Reserve Bank's target range, according to Finance Minister Nicola Willis. This marks the fourth consecutive quarter of inflation being within the target range, contrasting with previous higher rates under the previous government. Local authority rates and payments were noted as the largest contributor to annual inflation, prompting the government to call for better management to keep rates under control and ensure economic growth for job creation and public services funding.
Tags: inflation Finance Minister Nicola Willis Stats NZ Consumers Price Index Reserve Bank New Zealanders council rates local authority rates economic growth New ZealandGovernment Bill Enhances Focus on Core Council Services for Better Value
2 weeks ago | 116 viewsThe Local Government (System Improvements) Amendment Bill aims to refocus councils on core services like roading, infrastructure, water, and waste, addressing public frustration over rising rates and declining services. Minister Simon Watts emphasizes the need for discipline, transparency, and performance improvement to benefit ratepayers. The Bill includes reforms such as prioritizing core services in managing finances, introducing new financial performance measures, and enhancing transparency and accountability, with the goal of delivering better value for money and avoiding new taxes for local authorities.
Tags: Government councils core services infrastructure rates transparency accountability financial focus local government Simon WattsNew Zealand’s Stable Economy: Government’s Fiscal Management Keeps Official Cash Rate Low
3 weeks ago | 282 viewsThe Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says. The Reserve Bank of New Zealand today announced it would keep the Official Cash Rate (OCR) at 3. 25 per cent while continuing to foreshadow further reductions in the OCR.
Tags: Government fiscal management Reserve Bank Official Cash Rate Finance Minister Nicola Willis New Zealand OCR interest rates economic management