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Financial Policy Changes

We have made some other changes to our policies to allow us to have some flexibility in how we can support our community and fund our costs during this post-Covid-19 time and into the future.

Rates Policies: This is so we can make changes to the payment of rates when significant events such as Covid-19 occur.

The changes include:

The Rates Postponement Policy - so we can allow rates to be paid later than the due dates.

The Rates Remission Policy – so we can reduce rates and/or penalty fees.

Borrowing: Next year, Council will need to borrow from others. We would like to join the Local Government Funding Agency (LGFA) – a collective of councils that pool together to get good lending deals. Being a member doesn’t mean we have to use the LGFA when we need a loan, but gives us the option to, if it means we would get the best deal. We are consulting separately on whether to join or not.

We are consulting separately on these policies. For more information and to give your feedback go to The Rates Postponement Policy / The Rates Remission Policy, or hard copies are available at our Customer Service Centre or Napier/Taradale Libraries, or phone 06 835 7579 to request a copy. Submissions close 5pm, 16 July 2020.

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