The president of the Maclean Chamber of Commerce says plans to increase rates in the town would rip almost $2 -million out of the local economy.
The Clarence Valley Council recently voted for a new rating structure, which would see rates in Maclean jump by 8.5 per cent over each of the next four years.
At the same time business rates in nearby Grafton would not increase at all.
The chamber’s John Riggall says local traders are outraged.
He says it’s a political decision and councillors will be challenged.
“Essentially we’re in a recession,” Mr Riggall said.
“Very, very tough economic times and it has been for the last three or four years.
“They are extremely concerned about copping, over the next four years, the equivalent of (a) 38 per cent rise in rates.
“An enormous increase.”
Source: ABC News