Scoop has an Ethical Paywall
Licence needed for work use Learn More

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

 

Transfund funding may ease pressure on rates


Transfund funding may ease pressure on council rates,
says Local Government New Zealand


“We welcome any additional funding from Government to assist councils, particularly in critical areas such as roading,” says Local Government New Zealand transport spokesperson and Mayor of Rotorua, Grahame Hall.

“Yesterday’s announcement by Transfund New Zealand of more funding for local council road construction projects and minor safety works has the potential to ease pressure of rates. Councils will be now able to do more road construction and minor safety works within their same budgets”.

Transfund New Zealand announced yesterday that it will increase its financial assistance to local councils by approximately $12 million from 1 July next year. Transfund currently gives financial assistance at different levels to councils, ranging from 43 percent to 85 percent. The announcement will result in each council having a five percent increase on its financial assistance rate for new roading construction.

“We look forward to working with Transfund on other transport projects which may lead to further increases in the levels of financial assistance,” said Mr Hall.

Ends Local Government New Zealand is the national voice of all 86 councils of New Zealand. For more information contact: Kirsty Anderson, DDI: (04) 924 1202 or email: kirsty.anderson@lgnz.co.nz (until 12pm 24/12/03), otherwise mobile: 029 924 1202.


Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.