Towncentre Taupō (TCT) is a member-based organisation established to promote the development of Taupō’s Central Business District as a safe and vibrant space, while retaining our town’s unique identity. All businesses operating within Taupō’s town centre are therefore members of TCT by default. Council supports TCT in its work through a dedicated target rate which is paid by TCT members as part of their annual rates.
The Towncentre Taupō management rate is set under section 16 of the Local Government (Rating) Act 2002; and is used to fund services to enhance and develop the social and economic wellbeing of the Taupō central business district. The TCT management rate is assessed on each separately used or inhabited part of industrial or commercial rating units within the defined central business district part of Taupō town (refer to the map on page 37).
As part of the Long-term Planning process, the TCT management rate for 2022/23 was set at $174,590 and rising to $179,010 in 2023/24 – representing a 2.5% annual increase for each year. However, for many of the same reasons we have talked about through this consultation document, Towncentre Taupō’s operating costs have increased while the sponsorship they would normally secure for some of their events has also dwindled.
Due to these constraints, TCT is requesting for an additional $8,500 increase to their 2022/23 budget – representing a 4.9 percent increase to the rates.
