Sam Broughton: Local Government New Zealand President on the Government's decision to lift the debt cap for councils
The Mike Hosking Breakfast · Newstalk ZB
November 21, 20243m 10s
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Show Notes
Councils are celebrating the government's decision to lift the debt cap, allowing them to borrow more money.
It follows an average 15% rates increase this year across the country.
Local Government New Zealand President Sam Broughton told Mike Hosking that councils currently have two options - borrow or lift rates.
He says they have to borrow more because residents can't afford to fund the infrastructure deficit councils are in.
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Topics
sam broughtonselwyn districtlocal government new zealandcouncil debtcouncil borrowingdebtinfrastructure