Tag Archives: Rates Cap

Rate Cap = Crazy Idea

Rate Cap

Labor went to the last State election saying they would cap rates at CPI plus 2 per cent. Now the Liberals are following suit and talk is a cap at CPI. I don’t blame them; I’d probably do the same if I were in their shoes. But it does need to be seen as the populist and short-sighted idea that it is. As I detail near the end of this article, the workable method to limit future rate rises is to target the expenditure side of Local Governments; not the income side.
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