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


Council reduces capital expenditure programme

17 August 2017

Kāpiti Coast District Council

Media Advisory

Council reduces capital expenditure programme to more realistic levels

The Council’s Operations and Finance Committee today approved changes to the capital expenditure programme for the 2017/18 financial year, reducing it to a level that better reflects the amount of work that can realistically be delivered within a year.

Details can be found in the paper presented to the committee:http://kapiticoast.govt.nz/globalassets/your-council/council-meetings/operations-and-finance/17-august-2017/corp-17-269-capital-expenditure-programme-2017-2018.pdf

Please find below comments from Operations and Finance Committee Chair Councillor Michael Scott and Mayor K Gurunathan:

Councillor Michael Scott says

“The changes reflect the current Council’s strong focus on a financially sustainable approach to maintaining and upgrading essential infrastructure and the delivery of new assets. They also make sense because we know that like many other councils we regularly deliver fewer capital improvements than we say we’re going to at the start of the year.

If the rate of capital expenditure continues as forecast in the 2015/35 Long Term Plan (LTP), the Council will exceed its current borrowing limit of $200 million, most likely at some point in the 2019/20 year.

The clock is ticking – we need to act now to reduce our planned capital expenditure before we find ourselves unable to stick within the boundaries of our own financial strategy. The changes we made today are the first step.

There will be some tough conversations in the next few months about what we can and can’t afford to do. But in my view, if ever there was a Council that was up for it, it’s this one.”

Mayor K Gurunathan says

“The Council’s current financial situation reflects many years of unaffordable spending and is a perfect example of how short term thinking can have a negative impact on a community many years into the future.

The changes we approved today are just the beginning of a journey towards getting a grip on our debt levels. These are hard calls to make, but we must take a long term and pragmatic view on how we meet the needs of our communities not just for the next three years, but for the next 20 to 30.

Mayor Gurunathan says his Council wants to spend less to pay back more debt, and would be working hard with Council staff to deliver this through the next long term plan, which is now being developed.

Our communities have been clear that they want to see our council living within its means. We’ve heard that.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Election Day Results

National won 46% of the vote with Labour on 35.8%. NZ First won 7.5%, with the Greens on 5.8%. ACT held on to Epsom, but failed to get more MPs. The Maori Party were wiped out of Parliament.

There are still special votes to be counted, but clearly National is in the box seat to form the next Government.

The Greens can not contemplate a deal with National. So, Winston Peters will have to make a choice and could back National or a combined Labour/Green coalition. Full preliminary results >>


Lyndon Hood: Election Lists

While the ship of state is listing, so I thought I would make some lists as well. More>>


Targetting: ACC’s Computer-Aided Decision-Making Questioned

University of Otago researchers are warning of the potential pitfalls in government departments using computer-based risk prediction models, as has been recently revealed through a controversial new tool used by the ACC... More>>


From The Hood: The Campaign Strategist’s Lament

"This election is a chance to really work the record of what nine years of National-led government has done to improve the country for everyone. Or will do. Another three years, maybe six. Thirty-three years, tops. You don’t want to risk that, do you? More>>

PSA Report: National Gets An ‘F’ For Health Funding

"Seeing National’s record on health collected in one place is quite sobering - it’s clear that underfunding is having dire consequences on both patients and staff, who are having to do more than ever with less," says Glenn Barclay, PSA national secretary. More>>


Children With Disabilities: Education Crisis Unaddressed

In 2008 IHC lodged its complaint against the on-going failure of New Zealand Governments and the Ministry of Education to ensure that disabled children access a quality education on an equal basis to others in New Zealand schools. More>>

Gordon Campbell: Ten Reasons For Not Voting National

if anyone you know is thinking of voting National in Saturday’s election, there’s still time for an intervention. You owe it to your friends and relations to intercede. Because there’s plenty of evidence on National’s mediocre-to-awful track record over its nine years in power. We can’t afford another three years of drift. More>>


Suffrage Day: PSA National Secretaries Vote For Equal Pay

PSA national secretaries Erin Polaczuk and Glenn Barclay are advance voting for the 2017 election alongside their daughters, with equal pay and fairness in mind on the 124th anniversary of women’s suffrage in New Zealand. More>>


Charge Protests: Dairy Farms Use Same Amount Of Water As 60 Million People

Using Dairy NZ numbers, economist Peter Fraser and agricultural consultant Dr Alison Dewes calculate the water consumption of New Zealand dairy farms is equivalent to the residential use of 60 million people. More>>





Featured InfoPages

Opening the Election