Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Local government assets review backed

Media Release July 14th, 2000

Local government assets review backed

The Northern Employers & Manufacturers Association is endorsing Local Government New Zealand's call for a review of asset depreciation under the Local Government Act. At its Annual General Meeting, local government voted unanimously for such a review.

"Local government has a sound case for the review," said Alasdair Thompson, EMA's chief executive.

"The wording of the Act at present is leading to unintended and perverse consequences.

"In our analysis of the draft annual plans of 9 local authorities earlier this year we found councils had increased their rates unnecessarily to fund both the maintenance and depreciation of their assets.

"For example, we are supportive of the Waitakere Council's intention in its Long Term Financial Strategy not to fully fund its depreciation requirements as this would not jeopardise the maintenance of its assets. "Councils' asset management plans should be driven by their need to maintain and replace their plant and equipment, not by arbitrarily applying an imposed accounting formula.

"The review may well result in a reduced rates requirement.

"Our endorsement includes a note of caution. In the past some local authorities deferred maintenance to keep a lid on rates increases. They mined their assets to look good by keeping rates temporarily low.

"Ratepayers want to see local government employing clearer and more responsible financial management principles, hence our support for this initiative."

Further Comments: Alasdair Thompson tel 09 367 0911 (bus) 09 303 3951 (hme) 025 982 024


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>

 

BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>

ALSO:

Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>

ALSO:

Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>

ALSO:

State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>

ALSO:

Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages