News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search

 

Local Government Finances Plummet

Media release 17/1/2000

Local Government finances plummet in $100 million turnaround

Within the past year local authorities have seen their operating surpluses of $54 million evaporate into a combined deficit of $47.2 million, a turnaround of over $100 million. The figures refer to the September Quarter 1999 compared to September 1998.

“The sharp turnaround from a record surplus to a deficit of this magnitude is causing business deep concern,” said the chief executive of the Employers and Manufacturers Association (Northern), Alasdair Thompson.

“In the one year and despite an annual rate increase overall of 4.3 per cent, local government has gone from record operating surpluses to the largest deficit Statistics New Zealand has ever recorded for them since it began publishing the data in 1992.

“The main concern is that their spending has kept on rising. Ratepayers should be alarmed.

“The biggest increase in local government expenditure was $38 million for depreciation which councils were required to fully fund by increasing rates and charges. To go into such a steep deficit on top of increased rates and charges makes the result more perplexing.

“Operating revenue also suffered from lower investment income and lower grants and subsidies mainly from Transfund for roading, but these do not account for the extreme volatility evident.

“Business is concerned about both the direct extra costs as well as how local government costs are spread amongst the various groups since business subsidises residential ratepayers. These latest figures have galvanised us to request that the review of local government by Internal Affairs commenced over a year ago be completed with urgency.”

Ends

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
Legendary Bassist David Friesen Plays Wellington’s Newest Jazz Venue

Friesen is touring New Zealand to promote his latest album Another Time, Another Place, recorded live at Auckland's Creative Jazz Club in 2015. More>>

Howard Davis Review: The Father - Descending Into The Depths of Dementia

Florian Zeller's dazzling drama The Father explores the effects of a deeply unsettling illness that affects 62,000 Kiwis, a number expected to grow to 102,000 by 2030. More>>


Howard Davis Review: Blade Runner Redivivus

When Ridley Scott's innovative, neo-noir, sci-fi flick Blade Runner was originally released in 1982, at a cost of over $45 million, it was a commercial bomb. More>>

14-21 October: New Zealand Improv Festival In Wellington

Imagined curses, Shibuya’s traffic, the apocalypse, and motherhood have little in common, but all these and more serve as inspiration for the eclectic improvised offerings coming to BATS Theatre this October for the annual New Zealand Improv Festival. More>>

ALSO:

Bird Of The Year Off To A Flying Start

The competition asks New Zealanders to vote for their favourite bird in the hopes of raising awareness of the threats they face. More>>

Scoop Review Of Books:
K Emma Ng's Old Asian, New Asian

This book, written by a young second-generation Chinese New Zealander, gives many examples of the racism that Asian New Zealanders experience. More>>

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION