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

 


Christchurch City has the Government’s support

Christchurch City has the Government’s support

Canterbury Earthquake Recovery Minister Gerry Brownlee says the Government is encouraged by the approach being taken by Christchurch City Council in addressing financial pressures delivered by its required response to the 2010 and 2011 earthquakes.

“Christchurch City has a projected fiscal bottleneck around the end of this decade, where it’s up for some major costs related to the earthquakes, and we know councillors are fully aware of the need to address the issue through reducing operational expenditure, reducing debt, and raising revenue.

“That’s why the council engaged Cameron Partners to do a financial review which has provided it with some options for consideration.

“We are confident Christchurch City has the balance sheet capacity and political leadership to meet these challenges.

“Today the council takes the first steps toward some decisions that will be hard to make.

“This week I and Finance Minister Bill English were taken through the Cameron Partners report by Mayor Lianne Dalziel and senior councillors and council staff.

“The Mayor and her team outlined the process from here, and we’ve offered advisory support to ensure the council receives the best information possible to aide its decision making process.

“The Cameron Partners report makes it clear some major areas of financial uncertainty are causing headaches for Christchurch City, including the cost of repairing and replacing the city’s essential horizontal infrastructure.

“When we signed the cost sharing agreement with the council in June 2013 we foresaw this and undertook to do a thorough review of where the shared costs of the rebuild lay by 1 December this year.

“Knowing the final cost of repairing and replacing Christchurch’s horizontal infrastructure was always going to be better understood as we got nearer the end of the task.

“Once we have this information we can consider if any amendments are required to the cost sharing agreement. Officials from CERA and the Treasury are working with the council already to ensure the review provides Christchurch City with the clarity it needs to help make some of the big decisions ahead of it.

“The most important thing to remember is that the Crown and the council are totally committed to rebuilding Christchurch.

“Neither party has shirked when it’s come to paying for the rebuild, and with the capacity and best interests of taxpayers and Christchurch’s ratepayers firmly in mind, that commitment remains,” Mr Brownlee says.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Arming Police: Frontline Police To Routinely Carry Tasers

"In making the decision, the Police executive has considered almost five years worth of 'use of force' data… It consistently shows that the Taser is one of the least injury-causing tactical options available when compared with other options, with a subject injury rate of just over one per cent for all deployments." More>>

ALSO:

Gordon Campbell: On D-Day For Dairy At The TPP

While New Zealand may feel flattered at being called “the Saudi Arabia of milk” it would be more accurate to regard us as the suicide bombers of free trade. More>>

ALSO:

Leaked Letter: Severe Restrictions on State Owned Enterprises

Even an SOE that exists to fulfil a public function neglected by the market or which is a natural monopoly would nevertheless be forced to act "on the basis of commercial considerations" and would be prohibited from discriminating in favour of local businesses in purchases and sales. Foreign companies would be given standing to sue SOEs in domestic courts for perceived departures from the strictures of the TPP... More>>

ALSO:

"Gutted" Safety Bill: Time To Listen To Workplace Victims’ Families

Labour has listened to the families of whose loved ones have been killed at work and calls on other political parties to back its proposals to make workplaces safer and prevent unnecessary deaths on the job. More>>

ALSO:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Board Appointments: Some Minister Appoint Less The 3 In 10 Women

“It’s 2015 not 1915: Ministers who appoint less than 3 in 10 women to their boards must do better, they have no excuse but to do better,” said Dr Blue. More>>

Gordon Campbell: On The 1990s Retro Proposals For Our Health System

As we learned yesterday, the reviews propose that the democratically elected representation on DHBs should be reduced, such that community wishes will be able to be over-ridden by political appointees. In today’s revelations, the reviews also propose a return to the destructive competitive health model of the 1990s. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news