Labour Earthquake Fund Proposal Outrageous

Press Release – David Thornton

The proposal by the Labour Party that it would fund its Earthquake Fund from a charge on rateable value is totally outrageous as it compounds the effect on council ratepayers of a system which has been widely condemned as unfair.2 November 2011
Statement by David Thornton

Labour Earthquake Fund Proposal Outrageous

The proposal by the Labour Party that it would fund its Earthquake Fund from a charge on rateable value is totally outrageous as it compounds the effect on council ratepayers of a system which has been widely condemned as unfair.

Council rates are for local services and facilities – they were never intended to be used for funding a nationwide insurance fund for earthquakes.

Ratepayers are already facing substantial rates increases, particularly in Auckland and Dunedin.

In Auckland a total revaluation of all property is revealing the certainty of rates increases of 20% and higher for some ratepayers.

In Dunedin increases of almost 12% are being discussed.

Now Labour’s policy of adding to those rates increases will drive some ratepayers from their homes.

The present rating system of taxing homeowners on ‘desk-top’ calculations of the value of their home is no longer sustainable.

This was pointed out in the Independent Rates Inquiry Report of 2007.

I urge all ratepayers to challenge their Labour candidates and demand that this iniquitous policy be withdrawn.

And I urge all ratepayers Auckland to challenge their property values particularly if their value has increased.

ENDS

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