Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Local Authority Revenue Declines

Local Authority Statistics: September 2001 quarter

Seasonally adjusted local authority operating revenue decreased $20.0 million or 2.0 percent in the September 2001 quarter to $958.2 million, according to Statistics New Zealand. The latest quarterly local authority survey showed the fall was due to reduced investment income, which was caused by decreased revenue from dividends. The decline in revenue was partly offset by increases in rates, petrol tax, licence fees and fines, government grants and subsidies, sales of goods and services, and all other income during the current quarter.

Investment income declined $59.0 million during the September 2001 quarter, falling from $100.3 million in the June 2001 quarter to $41.3 million in the September 2001 quarter. The decrease was driven by a $57.2 million drop in revenue from dividends and a $1.8 million decrease in interest income.

Government grants and subsidies to local authorities increased 15.4 percent or $15.8 million to reach $118.5 million in the September 2001 quarter. Part of the increase can be attributed to increases in transportation funding, particularly regional passenger transport funding.

Local authority purchases of goods and services, grants and donations, and all other expenditure rose 4.9 per cent during the September 2001 quarter. This is the largest increase in expenditure recorded since the December 1999 quarter.

Overall, local authorities continue to record positive seasonally adjusted operating results, with a $59.3 million surplus of operating revenue over operating expenditure reported for the September 2001 quarter. The surplus, however, shows a sharp decline when compared with the previous quarter which recorded a $112.0 million surplus.

Brian Pink
Government Statistician
END


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>

 

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels