| Upper North Island News | Wednesday August 29 2012 17:46
Kaipara District Council has admitted it was too aggressive in trying to reduce its debt levels.
In one of the last acts before independent commissioners step in, the council has adopted its long term plan today which will increase rates by an average of 19 percent in a bid to reduce more than $80 million of debt.
An earlier draft plan proposed a 31 percent rates hike.
The council also agreed to reduce its debt over 30 years instead of 10 years as originally suggested.
Photo: NZ Herald