Promotion rate drops
Commercial and industrial ratepayers will pay slightly less in promotion and development rate now. Valuation New Zealand has confirmed that the land value of some areas
within Tongariro National Park, which is within the Ruapehu District, is valued at $2,000,000. While this valuation has little effect on the general rate of the district, it leads to
a drop in the promotion rate from 0.47 cents in the dollar of land value to 0.40 cents. Taumarunui councillors Don Lawson and Graeme Cosford tried unsuccessfully to have
the promotion and development rate deleted from the 1992-93 Annual Plan at this month's full council meeting. Mr Lawson, again Turn to page 2
Promo rate
From page 1 claiming the rate was unfair in that it saw people who happen to own commercial or industrial land paying more than others towards the district's promotion and development. Other councillors disagreed, saying other ratepayers such as farmers were already paying more than urban commercial ratepayers towards promotion and development and that the rate was a way to even it out. (The district's promotion and development is partly funded from the special rate and partly from the general rate).
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Ruapehu Bulletin, Volume 10, Issue 443, 14 July 1992, Page 1
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195Promotion rate drops Ruapehu Bulletin, Volume 10, Issue 443, 14 July 1992, Page 1
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