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21 May 2024 23:17
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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.

    © 2024 Newstalk ZB, NZCity

     Other Local Politics News
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     10 May: Former Queensland Premier Annastacia Palaszczuk joins Smart Energy Council
     06 May: Police are still hunting a person suspected of shooting a man dead on Auckland's Ponsonby Road about 10.15 last night
     06 May: The Chief Executive of Upper Hutt City Council is apologising after a number of mistakes were found in its draft long term plan
     05 May: Award-winning Maori musician Ria Hall has announced she's running for the Tauranga mayoralty
     05 May: Local Government New Zealand wants the coalition government to seriously consider returning the GST charged on rates, back to councils
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