The damage being caused by broken Council-Govt financial relations

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The damage being caused by broken Council-Govt financial relations

Govt freezes on council finances causing chaos at council level, including shock resignations in Christchurch, massive cuts to a flagship busway in Auckland and an embarrassing backdown by AT

Bernard Hickey

May 15, 2024

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Half of Christchurch City Holdings Ltd’s directors and its chair resigned en masse last night in protest at Christchurch City Council’s demand to front-load dividends File Photo: Lynn Grieveson / The Kākā

TL;DR: The chair of Christchurch City Council’s investment company and four of its independent directors resigned in protest last night, citing demands for unsustainable dividends. Auckland Transport delayed plans for 24/7 car park charges in the CBD. Auckland’s Eastern Busway is being cut back dramatically. Nearly 4,000 migrant workers are in limbo because their employers are suspended from the AEWV scheme.

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