A warning from a Government watchdog - for councils to manage their finances carefully
A warning from a Government watchdog - for councils to manage their finances carefully
17 September 2025
Financial sustainability's a hot topic during this year's local elections, with some candidates running campaigns based on rates increases.
A report on recent council audits shows local government face significant pressure.
Auditor-General Grant Taylor says his office remains concerned about the viability of the local Government sector - as these are making it more difficult for councils to balance budgets.
Total council debt's doubled since 2017 -- with five councils holding more than a billion dollars in debt.
© 2025 Newstalk ZB, NZCity