News that Hamilton City Council has proposed a 25.5% rates rise next year does not tell the full story. It is planned to be followed with a 12.9% rise the following year and an 8.7% one the year after. This compounds to a whopping 54%, showing just how bad things really are. What is really scary is that the mayor’s alternative was even worse at 57.4%!
How did it get to this?
