A cal­cu­lated in­vest­ment

The Hutt News - - YOUR VIEWS -

Rhea Dasent men­tioned busi­ness in­cen­tives in her let­ter to Hutt News last week.

Hutt City Coun­cil of­fers ini­tial rates re­mis­sions and in­cen­tivises devel­op­ment through the waiv­ing of fees for some new or ex­pand­ing de­vel­op­ments in Lower Hutt.

This is a cal­cu­lated in­vest­ment by coun­cil to pro­mote ur­ban and eco­nomic growth, which ul­ti­mately serves to lower pres­sure on res­i­den­tial rates as new de­vel­op­ments will in­crease em­ploy­ment, the pop­u­la­tion of the city and eco­nomic growth.

In par­tic­u­lar the in­cen­tives have to date en­cour­aged new res­i­den­tial de­vel­op­ments in­clud­ing af­ford­able new hous­ing in Po­mare and a range of re­tire­ment living op­tions, both of which were in short sup­ply in the city.

New and ex­panded com­mer­cial de­vel­op­ments pro­vide new em­ploy­ment op­por­tu­ni­ties or en­sure jobs are re­tained in the city.

The value of build­ing con­sents has gone up 34 per cent per an­num from the year to 30 June 2012, to the year to 30 June 2014 – this time­frame co­in­cides with the com­mence­ment of the in­cen­tives and re­mis­sions schemes.

All of th­ese new de­vel­op­ments ul­ti­mately pay rates, which in the long-term help re­duce the rates im­pact on ex­ist­ing house­holds and busi­nesses.

We do un­der­stand that any rates in­crease can have a sig­nif­i­cant im­pact on many

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