News | Local Politics
22 May 2024 9:54
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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
     22 May: A group of children is calling on Wellington City Council to make playgrounds more exciting
     21 May: The Christchurch City Council's begun the hunt for a new board chair of its investment arm
     16 May: The Christchurch City Council's one step closer to buying, or leasing, the earthquake-damaged Dux de Lux building in the Arts Centre
     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
     Top Stories

    The Black Ferns will use this weekend's test against the Wallaroos to address some problematic areas like discipline and accountability which were exposed in the loss to Canada which has already conceded the Pacific Four Series title More...

    A New Zealand wine grower's been sentenced to community detention for smuggling Australian vine cuttings into the country in a suitcase More...

     Today's News

    Living & Travel:
    British man, 73, dead and 8 Australians hospitalised after London-Singapore flight hits severe turbulence 9:37

    Cher hates the idea of turning 78 so much she is planning to mark the birthday by howling under her pillow 9:36

    A New Zealand wine grower's been sentenced to community detention for smuggling Australian vine cuttings into the country in a suitcase 9:27

    Living & Travel:
    A Singapore Airlines flight that's injured dozens, when it plummeted thousands of feet, had New Zealanders on board 9:07

    Kevin Costner ensured women "dominate" his new Western as he believes they built the American frontier 9:06

    Health & Safety:
    Concerns an outbreak of cryptosporidium stemmed from a Canterbury public swimming pool complex 8:37

    Global dairy prices are ending the current season on a high -- up more than a third on the five-year low reached in August 8:37

    Drew Barrymore thinks "nostalgia" and animals are the "antidote" to depression and the world's ills 8:36

    The International Tribunal for the Law of the Sea rules carbon dioxide is an ocean pollutant 8:17

    Mitchell Starc's return to cricket's Indian Premier League has taken a turn for the better 8:07

     News Search

    Power Search

    © 2024 New Zealand City Ltd