These works will have to be funded by loans but not all of the loans will be drawn down this year, with council spreading borrowing over several years.
Debt repayments is the biggest burden carried by council and accounts for 3.6 per cent of the 4.9 per cent rate hike.
On the other side of the ledger, councillors pared back 0.8 per cent from the general operations budget to keep the average rise under 5 per cent.
Last year's revaluation means some properties will be rated at a higher level while others will see their rates demand drop.
As a result of the revaluation, capital values dropped by an average of 7.7 per cent and land values by an average of 9.6 per cent.
It means that the average residential rate sits at $2160 (up 4.6 per cent), farming at $2502 (up 5.6 per cent) and commercial properties at $8093 (up 6.3 per cent).
The largest rates increases for residential property will be 29 per cent, 43 per cent for farming properties and 117 per cent for commercial properties.
Conversely, the biggest residential rates drop is 31 per cent, 16 per cent for farming property and 57 per cent for commercial property.
Council has about $900 million worth of assets it must maintain but councillors know that significant spending in one area will mean cutting the cloth in others, especially in a community that does not have unlimited ability to pay.
If the average residential property in Wanganui is paying $2261 in rates this year, the bulk of that money will go toward parks and recreation ($390), community and culture ($365), stormwater ($328), wastewater ($325) and water ($320). Earthquake strengthening will take a further $39.
The draft annual plan will go out for consultation and submissions from April 7 to May 7. Council will then hear submissions (May 29-30) before it meets to consider them (June 4-5).
It will adopt the final plan on June 23.