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Reinstating the Christ Church Cathedral could cost ratepayers $18 each per year over the next four years.
The city council is set to look at options for funding the $10m grant it has promised toward the rebuild of the cathedral at a meeting on Tuesday.
Options include targeted rates, which would mean an extra cost to ratepayers of $18 per year for four years – $72 in total.
Another option is borrowing the $10m needed for the grant. That would mean a cost to ratepayers of $5.50 to $2.50 per year over 30 years – about $120 in total. Continue reading
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News category: New Zealand, News Shorts.
