The brazenness of the Nelson City council's deceit, shown in the rate increase information in its plans and estimates, is breathtaking in its audacity.
Depending on which set of figures you use from the estimates, as they are all different, but they all similarly declare a near doubling of rates over the ten year period of the plan.
Consequently there is a fundamental underlying double digit annual rate increase, underpinning this LTCCP.
For example the estimates declare rate increases in the order of 12.65%, 13.29%, and 11.06% as inherent to this plan.
But even those figures do not tell the whole truth, because even at those stated levels, the total of all ten individual rate increases does not add up to anywhere near the ten year total rate increase.
All ten annual rate increases only add up to around 65% of the ten year total increase.
If the rate increases after massage by the mortgage holiday are used, the discrepancy is even more startling.
The total of those individual rate increases only adds up to just on 50% of the ten year total rate increase.
This proposed mortgage holiday is simply a subterfuge to hide a marked increase in spending, a trebling of debt, a trebling of interest payments and a doubling of rates.
The severe reality of those numbers is being hidden by this sleight of hand. Council are obscuring these untenable rate increases by using a barrage of different figures that dont appear anywhere in the plans or estimates.
It is councils responsibility to tranparently inform ratepayers, not to deceive them by pulling the wool over their eyes.
About Me
- pinocchio
- This blogspot is born out of a deep democratic concern about the continual political spin and the outright manipulation and suppression of information by local government and local media. In my view that rampant disinformation has become so extreme that it can only be considered grossly deceptive. This blogspot attempts to provide some balancing transparency to that situation. Hopefully it might even help keep the "buggers" honest.