We should be reinvesting in our assets, or selling off ones (such as some of our Urban Plus) to free up money to invest into new council assets. We shouldn’t be increasing rates if there are other ways. I’m committed to keeping rates pin to CPI & inflation if possible.
Update: In lieu of actually getting onto the council, and now it is quite apparent what state the council’s financial position is, I have been unable to keep this commitment for now and we are about to consult on some proposed changes that are 4.1% higher than CPI & inflation. Please stay tuned for the information in the upcoming consultation around what the proposed changes are for, and how they impact rates, for a final decision to be made in June.