I swear I remember 1% equating to a $20 per annum rates increase, not $60.
EDIT: Yep, straight from the report
On average a 1% adjustment for the average Hutt City ratepayer is
approximately $20 per year
If I were cynical I'd suggest that is a deliberate typo in the message above.And to say that money would be a subsidy to the phoenix is just the sort of typical bs that has been bandied around by that lot.