Prudent decisions get Hamilton back on track

Key decisions made this week by Hamilton City Council on its 10-Year Plan will ensure the city gets back on track financially, while still allowing for a range of citywide development.

The Mayor and Councillors today signed off on the city’s 2012-22 Plan, setting a total rates increase of 3.8% for each of the next 10 years, reducing what it costs to run the city by $15 million over the next three years and reducing debt levels from $700 million to $440 million for the next 10 years.

The views of 725 written submissions and of around 200 people who shared their views in person during five days of hearings were also taken into account.

Commenting Mayor Julie Hardaker said the Council has delivered a budget which is achievable, financially prudent and which meets the needs of Hamilton as a growing city.

“The decisions taken will see our city return to living within its means, address citywide debt while setting one of the city’s lowest rates increases in the past 10 years. Importantly, this budget ensures the Council continues to deliver a city people want to live in and do business in.

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