BEN­E­FITS FROM SALE

Clutha Leader - - YOUR PAPER, YOUR PLACE -

Clutha district ratepay­ers will re­ceive a rate sub­sidy of about $150,000 a year as a re­sult of a re­cent $5m forestry sale, which equates to about $10 off the coun­cil’s uniform an­nual gen­eral charge part of the rates bill. The coun­cil said the sub­sidy was de­pen­dent on how mar­ket con­di­tions af­fected the in­vest­ment, but pro­vided for the fund grow­ing at least at the rate of in­fla­tion.

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