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19 Feb 2025 22:37
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  •   Home > News > Local Politics

    Local councils are being challenged to back up rising debt with infrastructure revenue

    Local councils are being challenged to back up rising debt with infrastructure revenue


    The Infrastructure Commission's found councils previously used debt to pay for new infrastructure, by creating new revenue sources.

    It found debt to revenue ratios used to rise at similar rates, but no longer.

    Economics director Peter Nunns says the critical question is whether councils can service debt.

    He says if they don't have revenue streams to repay loans today, they'll have to cut investment budgets in the future.

    © 2025 Newstalk ZB, NZCity

     Other Local Politics News
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     15 Feb: Rangitikei District Council, says it's hoping to switch over to its solution for Marton's water woes in the coming months
     14 Feb: A Wellington City Councillor's had to apologise after calling two colleagues racist
     12 Feb: A Hurunui councillor is praising locals for joining to support people impacted by a fatal crash yesterday near Hanmer Springs
     10 Feb: Lower Hutt Mayor Campbell Barry joined skate-boarders for the official opening of a new state-of-the-art skate park over the weekend
     02 Feb: Philadelphia plane crash killed person in car at intersection
     01 Feb: Frustration over plans to scale-back Dunedin Hospital
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