City of Cape Town Makes Changes After 20% Rate Hike Angers Homeowners

City of Cape Town makes changes after 20% rate hike angers homeowners

Mayor Geordin Hill-Lewis has announced significant changes to the City of Cape Town’s 2025/26 budget, aimed at easing financial pressure on middle-income and pensioner households while maintaining the city’s record-breaking R40 billion infrastructure investment. Speaking at a council meeting on Wednesday, 28 May, the mayor unveiled expanded rates relief measures, following public feedback on the original March budget draft. The revised budget wi…

CT responds to residents by softening rate increase plans

The City of Cape Town has adjusted its 2025/26 budget plans following widespread criticism over steep property rate increases for wealthier homeowners. Initially, the City proposed an overall 7.96% hike on residential, commercial, and industrial rates, with some high-value properties facing rises exceeding 20%. This sparked significant pushback, especially from residents with homes valued between R4 million and R7 million. Mayor Geordin Hill-Lew…

FPL plans rate hike, sparking concern among advocacy groups with town hall Wednesday   - The Suncoast News & Scoop

FPL plans rate hike, sparking concern among advocacy groups with town hall Wednesday  - GC News Francesco Abbruzzino, The Uncensored Report, LLC   To read this story click --- >>> here     https://www.youtube.com/watch?v=Ir1O4nnYfrA&pp=0gcJCbAJAYcqIYzv

Thousands of Capetonians' objections to proposed new tariffs in the Cape Town metro's draft budget have led to an adjusted version of this proposed budget being tabled on Wednesday.