Simon Watts: Local Government Minister says incoming rates caps tough but necessary

On Monday the Government announced an annual 2-4% rates cap range will be fully implemented by 2029.

The cap applies to all rates, including general rates, targeted rates and uniform annual charges, but excludes water charges and other non-rates revenue like fees and charges.

Local Government Minister Simon Watts told Heather du Plessis-Allan, "it's going to be tough Heather, but guess what, it's been tough on everyone - households, businesses.

"You think about those on fixed income, in particular, double-digit rate increases, some up to 20%. It's just simply not feasible, and that's what we've been hearing loud and clear from ratepayers"

LISTEN ABOVE

See omnystudio.com/listener for privacy information.