local government debt
Auckland Mayor Phil Goff proposes axing 1100 contract workers as part of major cost cutting exercise
Auckland Council faces massive drop in revenue due to the lockdown and the expected recession, proposes to broaden its rates deferral scheme for businesses and residents facing hardship
24th Apr 20, 5:45pm
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Auckland Council faces massive drop in revenue due to the lockdown and the expected recession, proposes to broaden its rates deferral scheme for businesses and residents facing hardship
Auckland Council says the economic fallout from COVID-19 is threatening its ability to deliver a balanced budget and comply with its debt to revenue ratio policy
17th Apr 20, 9:34am
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Auckland Council says the economic fallout from COVID-19 is threatening its ability to deliver a balanced budget and comply with its debt to revenue ratio policy
Auckland Council comfortable with debt levels but says debt will continue increasing over the next few years due to the city’s ongoing growth and capital expenditure requirements
27th Sep 19, 3:45pm
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Auckland Council comfortable with debt levels but says debt will continue increasing over the next few years due to the city’s ongoing growth and capital expenditure requirements
Infometrics shows that council debt levels have been rising over the last decade and are scheduled to rise further in the next decade as revenues are insufficient for replacement projects, let alone growth projects
26th Sep 19, 8:00am
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Infometrics shows that council debt levels have been rising over the last decade and are scheduled to rise further in the next decade as revenues are insufficient for replacement projects, let alone growth projects
Auckland Council's $1.2 bln debt headroom keeps a credit rating agency happy in the meantime. But the using up of this as the Council's big capex plans move forward pose a threat
2nd Apr 19, 9:08am
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Auckland Council's $1.2 bln debt headroom keeps a credit rating agency happy in the meantime. But the using up of this as the Council's big capex plans move forward pose a threat
Councils facing debt covenant headwinds faced with finding new revenue streams or increasing rates. But will today's ratepayers be happy funding the next generation's infrastructure costs?
15th Mar 17, 8:01am
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Councils facing debt covenant headwinds faced with finding new revenue streams or increasing rates. But will today's ratepayers be happy funding the next generation's infrastructure costs?
Local Government NZ highlights housing and tourism infrastructure spending pressures, wants a slice of the GST revenue brought in from tourists
14th Mar 17, 12:34pm
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Local Government NZ highlights housing and tourism infrastructure spending pressures, wants a slice of the GST revenue brought in from tourists
Labour's Phil Twyford is pushing out the boundaries of Labour’s stance on housing infrastructure, eyeing a govt unit to access finance for developers
12th Mar 17, 7:14am
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Labour's Phil Twyford is pushing out the boundaries of Labour’s stance on housing infrastructure, eyeing a govt unit to access finance for developers
Auckland Council seeks up to $200m in 10-year bond issue as Mayor Len Brown says 'we don’t have a blank cheque to fund Auckland’s growth'
11th Mar 14, 12:10pm
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Auckland Council seeks up to $200m in 10-year bond issue as Mayor Len Brown says 'we don’t have a blank cheque to fund Auckland’s growth'
Auckland Council makes no provision for unreported leaky commercial buildings
4th Mar 13, 4:47pm
Auckland Council makes no provision for unreported leaky commercial buildings
How and why the Auckland Council plans to borrow NZ$14 bln on behalf of its ratepayers over the next decade
18th Dec 12, 4:05pm
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How and why the Auckland Council plans to borrow NZ$14 bln on behalf of its ratepayers over the next decade
Kaipara District Council's ratepayers paying government appointed commissioners up to NZ$1,400 a day as rates revolt continues
19th Oct 12, 11:27am
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Kaipara District Council's ratepayers paying government appointed commissioners up to NZ$1,400 a day as rates revolt continues