Vary the programme under Option 1 by starting some projects earlier or later

Impact on rates

Varying the level of capital expenditure will increase or decrease the General Rate.

The impact of this option on the General Rate is illustrated below, based on $5 million of capital expenditure being either added to or taken away from the proposed programme.

Cost

The cost of this would depend on the scale of projects that would start earlier or later than proposed.

Impact on debt

More or less capital expenditure will have a direct impact on the level of borrowing.