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

 


Gisborne DC urged to fight for rates reduction

Gisborne DC urged to fight for rates reduction

"Gisborne is proud of being the first town to see the light, but Council must recognize whatever ugly facts it may reveal," said Heather Marion Smith in a recent address to a Gisborne District Council meeting.

"As i complete my term as the Democrats for Social Credit Party's Local Government spokesman" she said, “it falls on me to warn councillors that applying the mixed ownership model to local body assets is still on the agenda - as prescribed in the 2009 report to parliament from from the capital markets development task force in which chairman, rob cameron, included local as well as state-owned enterprises for partial privatisation.

"Although the local government act prohibits the privatisation of local body assets, we have seen how quickly legislation can be amended when the MOM bill was passed allowing SOE shares to be traded on the equity markets.

“As for local government debt, the Labour/Green duo has a shameful record of unanimously supporting Rodney Hide's 2011 bill to establish a bond bank, namely the Local Government Funding Agency designed to increase the scope of the financial arm of the capital markets. In spite of this new bank being nominally owned by local government it has succeeded in loading a greater burden of debt servicing onto ratepayers as total debt passes the $11 billion dollar mark. This is outrageous.”

Miss smith reminded councillors that Democrats for Social Credit will continue the fight for economic policies which would actually reduce rates, even invoking existing legislation such as the 2004 amendments to the Public Finance Act which allow borrowing from our sovereign Reserve Bank at no interest.

"That's the ethical and sustainable option which local bodies must demand," she concluded.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On The Kim Regime

During the Cuban Missile Crisis, the US had a very clear objective and eventually offered a quid pro quo of the removal of some of its own missiles from Turkey. This time, there’s no clarity about what the US is seeking, or offering.

It hasn’t helped that the US and the global media consistently agree on calling North Korea and its leadership “crazy” and “irrational” and urging it to “come to its senses”. When you treat your opponent as being beyond reason, it gets hard to comprehend what their strategy is, let alone work out the terms of a viable compromise. More>>

 

Recovery: Economic Impact Of Kaikōura Quake Revealed

The report details the impact on small businesses and tourism caused by disruptions to transport infrastructure and the economic impacts... The impact on New Zealand’s Gross Domestic Product (GDP) over the first 18 months following the earthquake has been estimated at $450-$500 million. More>>

ALSO:

Human Rights Commission: Urgent Need For Action On Seclusion And Restraint

Chief Human Rights Commissioner David Rutherford says that while the report makes for sobering reading, the focus should now be on how the recommendations can be used to reduce the occurrence of seclusion and restraint in New Zealand and, in circumstances where it is necessary, to improve practices. More>>

ALSO:

CORRECTIONS (March 2017):

SCHOOL SECLUSION ROOMS (2016):

$11bn Capital Spend, New Debt Target: Steven Joyce On Budget Priorities

First, delivering better public services for a growing country – providing all New Zealanders with the opportunity to lead successful independent lives... And finally, we remain committed to reducing the tax burden and in particular the impact of marginal tax rates on lower and middle income earners, when we have the room to do so. More>>

ALSO:

JustSpeak Report: Bail Changes To Blame For New Billion Dollar Prison

In 2013 criminal justice spending was falling and the Government was mulling over what to spend the money on. 3 years later there are 10,000 people in prison and a new billion dollar prison is announced. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news