Marlborough Matters | Your Mayor and Councillors are united in addressing the challenge of deciding our ten year budget priorities and keeping rates in check. At this week’s budget meeting we increased our investment in infrastructure by $180m over the next ten years, to $705m. Although we will need to increase our borrowings, it will be the equivalent of a $50,000 mortgage on a one million dollar home. Whilst there is a higher impact than usual on rates this year, due to a number of impacts combining, overall the Council’s finances are in excellent shape. More information is below. Have a great weekend, John Leggett, Mayor of Marlborough | |