Dawn chorus: An invidious and unfair debt lid
Wellington Council should lift its self-imposed debt 'lid' from 225% of revenue to at least the LGFA's self-imposed limit of 300%; Councils also need more revenue linked directly to population growth
TLDR: The central Government and ratepayers have put themselves and Councils in an invidious and unfair position where out-of-date and arbitrary rules about debt are stopping councils from addressing their massive housing affordability and climate change challenges.
All over the country, the pressure of decades of under-investment in infrastructure, muc…
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