2009 vs 2012 Ten Year Plan

A brief analysis comparing the two plans in terms of rate movements and debt.

Compare the orange and red lines to see the difference in rate and debt comparisons between the 2009 and 2012 Ten Year Plans.


Key for the following graphs

  • Orange line = 2009 Ten Year Plan
  • Green line = Draft 2012 Ten Year Plan
  • Yellow line = Earlier Draft 2012 Ten Year Plan
  • Red line = Adopted 2012 Ten Year Plan
  • White line = Actual


External debt level comparisons

We've responded the global financial crisis and tough times at home by reprioritising our capital programme (building things like roads, pipes and plant) to reduce our debt, without compromising the district's economic development potential and projects that are important to the community.

External debt is only used to fund the big ticket items (Capital Projects), just like people use debt to purchase a house. Debt is also a good way to make sure future generations pay for the infrastructure and its not a burden for the current generation of rate payers. We don't use debt to fund day-to-day operations.

By 2018/19 the 2012 TYP has forecasted approximately $43M less in debt than the 2009 TYP (the gap between the red and orange lines).

Note also the debt reducing significantly from 2017/18.


District average rate comparison

This graph compares cumulative rate increases between the 2009 and 2012 Ten Year Plans (TYP).

By 2018/19 the 2012 TYP forecasts rates to be approximately 25% less than forecasted in the 2009 TYP (the gap between the orange and red lines).

Note also the white line in the 2011/12 year which indicates the -1% average decrease in rates and the 2012/13 red line which indicates the -5% decrease.


Thames Average Rates (local and district rates)

The Thames average rate forecasted for 2018/19 is approximately $900 less in the 2012 TYP than it was forecasted in the 2009 TYP (the gap between the orange line and the red line).

Note the big dip in the red line in the 2012/13 year, this is the district -5% average rates decrease taking effect.


Mercury Bay Rates (local and district rates)

The Mercury Bay average rate forecasted for 2018/19 is approximately $500 less in the 2012 TYP than it was forecasted in the 2009 TYP (the gap between the orange line and the red line).

Note the big dip in the red line in the 2012/13 year, this is the district -5% average rates decrease taking effect.


Tairua/Paunaui Average Rates (local and district rates)

The Tairua/Paunaui average rate forecasted for 2018/19 is approximately $550 less in the 2012 TYP than it was forecasted in the 2009 TYP (the gap between the orange line and the red line).

Note the big dip in the red line in the 2012/13 year, this is the district -5% average rates decrease taking effect.


Coromandel/Colville Average Rates (local and district rates)

The Coromandel/Colville average rate forecasted for 2018/19 is approximately $450 less in the 2012 TYP than it was forecasted in the 2009 TYP (the gap between the orange line and the red line).

Note the big dip in the red line in the 2012/13 year, this is the district -5% average rates decrease taking effect.


Whangamata Average Rates (local and district rates)

The Whangamata average rate forecasted for 2018/19 is approximately $450 less in the 2012 TYP than it was forecasted in the 2009 TYP (the gap between the orange line and the red line).

Note the big dip in the red line in the 2012/13 year, this is the district -5% average rates decrease taking effect.


Key for the graphs above

  • Orange line = 2009 Ten Year Plan
  • Green line = Draft 2012 Ten Year Plan
  • Yellow line = Earlier Draft 2012 Ten Year Plan
  • Red line = Adopted 2012 Ten Year Plan
  • White line = Actual