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New Levy to Fund Growth Infrastructure | Auckland News
Starting in 2029, New Zealand’s local councils will introduce a new development levy to ensure developers pay for the infrastructure their projects need — no more shifting costs onto existing ratepayers. This overhaul replaces the outdated development contributions system, which left an $11 billion funding gap over ten years. The Housing Minister insists this move will make growth self-funding, with levies covering water, transport, and community services. Legislation kicks off in early 2027, with the Commerce Commission setting the rules — even government bodies must pay. It’s not a tax, but…
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