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Standard & Poor s Affirms Horowhenua District Council s Strong Capacity To Meet Financial Commitments

Mayor Bernie Wanden says he is pleased that Council has maintained its AA- long-term and A-1+ short-term issuer credit rating with a stable outlook on the long-term rating from Standard & Poor's (S&P) Global Ratings. 'An AA-/A-1+ rating .

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Rural properties pay more in proposed change to Horowhenua general rate

Rural properties pay more in proposed change to Horowhenua general rate
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Some rural properties pay more in proposed change to Horowhenua general rate

The new differential would only apply to farming properties, and would be calculated on a dollar value. For every $1 the district wide ratepayers pay, farming properties would pay 50c. The farming use category applied to those identified as arable, dairy, forestry, but not protected forestry, horticultural, pastoral and with specialist livestock. Chief financial officer Jacinta Straker said the change was done make sure the rural sector didn’t end up paying an unfair amount of rates. “If the urban areas grows more at the same rate we expect, then the rural sector will be a lesser portion of the rating base then it was before.

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