Invercargill city rates rise

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INVERCARGILL’S rates are set to rise by 3.95%, it was decided at an Invercargill City Council meeting on Tuesday.

The approved rates increase was below the 4.7% proposed at the beginning of the public consultation, finance and policy chairman Cr Darren Ludlow said.

“A major factor in keeping the rates increase lower than forecast was the $550,000 increased dividend from Invercargill City Holdings Ltd, up from an expected $200,000.”

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