13:40, Jul 19 2021
ANDY JACKSON/Stuff
The South Taranaki District Council has had its credit rating upgraded. Global ratings agency Standard and Poor’s moved the South Taranaki District Council’s (STDC) long-term credit rating from AA- to AA and affirmed its short term rating A-1+ with a stable outlook. In a statement, council chief executive Waid Crockett said the upgrade reflected the council’s “sound” financial management and liquidity coverage. “This credit rating upgrade from S&P is great news not only because it signals strong confidence in council’s prudent financial management from a well-respected independent source, but also because it will result in significant savings for our ratepayers,” he said.
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“The new fund will provide a fair and transparent process where all applications will be considered and determined by the council at the same time each year.” The new fund is designed to support community initiatives and activities that will make positive contributions to the social, economic, environmental, and cultural wellbeing of the community. The pool of money available in the Community Initiative Fund will be established every three years through the Long-Term Plan budget setting process. This year council set the fund at $237,460 with $60,000 to be ring-fenced for the Rotokare Scenic Reserve Trust. Information and application forms for the Community Initiative Fund can be found on the funding and grants page of the South Taranaki District Council website southtaranaki.com
12:07, Jun 30 2021
Supplied
South Taranaki District mayor Phil Nixon with the council s long term plan, which was formally adopted on Tuesday.
South Taranaki ratepayers face an average rate increase of 3.99 per cent each year over the next ten years, the lowest in the region. The South Taranaki District Council set the increase when it formally adopted its 2021 – 2031 Long Term Plan on Tuesday, following a month of public consultation which saw 215 submissions from the public. Support was strong for the council’s plans to upgrade the town centres of Ōpunakē, Manaia, Pātea, Waverley and Eltham; complete all three stages of the South Taranaki Business Park; and to fully fund an environment and sustainability strategy over the next ten years
Tuesday, 29 June 2021, 2:42 pm
Stimulating economic growth, town centre upgrades,
environmental sustainability and keeping rates affordable
are the key themes guiding South Taranaki District
Council’s 2021 – 2031 Long Term Plan which was formally
adopted at today’s (28 June) ordinary council
meeting.
For South Taranaki ratepayers, the result is
an average rate increase of 3.99% each year over the next
ten years, the lowest in the region.
The Plan was
adopted following a month of public consultation which saw
215 public submissions made. Public support was strong for
the Council’s plans to undertake town centre upgrades in
Ōpunakē, Manaia, Pātea, Waverley and Eltham; complete all