Kerre Woodham: A rates cap or an erosion of services and facilities?

Auckland households face a 7.9% rate rise next year, primarily to fund the operating costs for the $5.5 billion City Rail Link, which is nearly finished. It's a reality, it's going to open for passengers next year – woo! The increase will cover the $235 million annual cost of operating the new underground rail service. It's the largest rates rise since Auckland Council as a super city was formed in 2010. For the average household wondering what on earth to do with all the extra money that comes into their bank accounts, annual rates will climb from $4,023 to $4,341.