Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Christchurch City has the Government’s support

Gerry Brownlee

1 AUGUST, 2014

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 areconfident 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.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Half Empty: Dairy Prices Drop To Lowest Since August 2009

Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder.

”Stocks of dairy commodities are building across the globe due to Russia’s current ban on importing dairy products from many Western nations, and a lack of urgency from Chinese buyers, while at the same time global milk supplies are expanding,” AgriHQ dairy analyst Susan Kilsby said in a note. More>>

 

Slippage: NZ Universities Still In Top 3% Globally

This year the University of Auckland ranked 175 (down from 164 last year); the University of Otago ranked 251-275th (down from 226-250), both Victoria University of Wellington and the University of Canterbury held their ranks (at 276-300thand 301-350 respectively), while the University of Waikato dropped from 301-350 to 351-400. More>>

ALSO:

Gordon Campbell:
On The Last Rites For The TPP

The Trans Pacific Partnership trade deal is one of those litmus issues that has always had more to do with one’s place on the political spectrum than with any imminent reality... For the TPP’s friends and foes alike though, the end now seems nigh. More>>

Gordon Campbell: On The Farcical Elevation Of David Seymour

With the election won, it’s time to find jobs for the boy. David Seymour is the Act Party’s latest scrounger to be rewarded by the National Party, and not only with a seat in Parliament. More>>

ALSO:

As Key Mulls Joining ISIS Fighting: McCully Speech To UN Backs Security Council Bid

It is an honour to address you today on behalf of the Prime Minister and Government of New Zealand. Our General Election took place last week - our Prime Minister Rt Hon John Key is engaged in forming a government and that is why he is unable to be here in New York... More>>

ALSO:

Labour: Cunliffe Triggers Party Wide Leadership Contest

David Cunliffe has resigned as Labour Leader, but says he will seek re-election... If there is any contest the election will have to go through a process involving the party membership and union affiliates. More>>

ALSO:

Flyover Appeal: Progress And Certainty, Or Confusion And More Delays?

Lindsay Shelton: The Transport Agency, embarrassed by the rejection of its flyover alongside the Basin Reserve, says it’s appealing because the decision could “constrain progress.” Yet for most clear-sighted Wellingtonians a 300-metre-long concrete structure above Kent and Cambridge Terraces would in no way be seen as progress… More>>

ALSO:

Gordon Campbell: On Cunliffe’s Last Stand

Right now, embattled Labour leader David Cunliffe has three options. None of them are particularly attractive for him personally, or for the Labour Party... More>>

ALSO:

Key Seeking 'New Ideas': Look To Children’s Commissioner On Poverty - Greens

John Key should not reinvent the wheel when it comes to ideas for tackling child poverty, and instead look to the recommendations of the Children’s Commissioner’s Expert Group on Child Poverty, Green Party co-leader Metiria Turei says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news