Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Mixed feelings about Council's Progress

Chamber pleased with Council’s progress, but disappointed about 2.49% rates increase and living wage


Wellington City Council’s decision to increase rates is disappointing says Wellington Employers’ Chamber of Commerce Chief Executive Raewyn Bleakley.

“While we’re supportive of the progress and pace the Council has made producing the Annual Plan, we still caution council on its spending.

“This is not to say the Chamber is against future investment or consideration of future project expenditure. The council needs to ensure the city has what it needs, to generate business activity, to make our city regionally, nationally, and internationally attractive and vibrant.

“But we should be well informed and thoroughly convinced about adding to the city’s debt – with a plan on how we pay for it.

“With continued uncertainty about future liabilities such as earthquake strengthening of council buildings, legal action from leaky homes, and as the region awaits the outcome from the Local Government Commission’s reorganisation proposal, it is important that expenditure within the council’s operations is well considered.

“Council must continue to operate within financial prudence as the economic recovery begins to be cemented in.

“The council must be absolutely focused on growth – because it’s business and investment that are going to get the city humming. We’re pleased to see extra funding allocated to the economic development fund, but again we want to see further clarification about how this will be distributed.

“The Council’s focus should not be about growing the rate base – it’s about being a competitive city again.

“We are still concerned that the council’s is pursuing a living wage, in particular the method in which the council made this decision.

“The living wage incurs additional operating cost on the city and ratepayers which is not in the council’s mandate. Minimum wage and employee income subsidies are a central government issue for which individuals and business contribute through tax.

“As a business organisation we question whether the adoption of the living wage was a prudent business decision.”

For the Chamber’s submission on the draft annual plan see here:http://www.wecc.org.nz/__data/assets/pdf_file/0011/77546/WELLINGTON-EMPLOYERS-CHAMBER-OF-COMMERCE-SUBMISSION-ON-THE-WCC-DAP-2014-2015.pdf

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news