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


ARC Has Started Frittering Away Capital Funds

24 September 2004

Statement from David Thornton

ARC Has Started Frittering Away Capital Funds Received From Infrastructure Auckland.

While the media appears pre-occupied with the Auckland City mayoralty battle the Auckland Regional Council has started quietly siphoning off funds it has recently acquired from Infrastructure Auckland.

The ARC finance committee yesterday voted to use $7m from those funds to help prepare more plans for stormwater management - plans only, no actual work.

The ARC's first LTCCP [Long Term Council Community Plan] indicates that between $4m -$8m each year will be needed for this programme.

The money also includes over $1.1million to employ another 'communications' person.

This sort of activity, if really needed, is an operational matter and should be paid out of rates income - which last year showed a surplus above requirements of over $13million.

The Infrastructure Auckland funds have been transferred to a new ARC subsidiary Auckland Regional Holding (ARH) - and were originally intended to be used for capital projects.

Having controlled these funds for less than 3 months the ARC is already diverting the funds to cover day to day operating costs.

The ARC must not be allowed to fritter away the valuable assets owned by the ratepayers of the region.


Vivit our website www.ratesrebellion.co.nz

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election