A late speculative effort to get Manawatū-Whanganui ratepayers to cough up cash for regionally significant facilities has died a quick death, leaving rates hikes slightly lower than first proposed.
Horizons Regional Council signed off on its Long-Term Plan on Wednesday, deciding to increase rates by an average of 7.04 per cent in the next financial year.
Some areas are looking at bigger rates increases, largely due to property revaluations and funding different river schemes.
The figure is lower than the 7.44 per cent proposed when the plan was put out for consultation.
Councillors ditched a proposal to create a regional facilities fund, where households would have contributed $5 each for facilities upgrades.
Horizons chairman Bruce Gordon says dividends from investments such as Cent report and the Palmerston North office complex that a council-owned company was building to house Inland Revenue staff in would help offset the need for rates rises.
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