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

 

Alex Swney On Wellington Vs. Auckland, Cash-wise


Alex Swney quick to contrast "cash-rich" Wellington with "cash-strapped Auckland", as Government announces gold-plated surplus today

On the eve of New Zealand's local body elections Dr Cullen's "embarrassment of riches" www.stuff.co.nz has prompted Auckland city Mayoral candidate Alex Swney to turn up the volume on his intention to repatriate a share of Wellington's riches to Auckland.

Swney's rates reform policy, which has the backing of international experts*, would see 1% of the GST generated in Auckland returned to city coffers, achieving an urgently needed cash injection to supplement rates.

Swney says New Zealanders are overtaxed and the nation's largest city is grossly under-funded. He says: "Auckland deserves some of Cullen's slush fund to build vital infrastructure before this city's economy, which is pivotal to the health of our national economy, chokes."

"While the Government sloshes around in a surplus of $8.7 billion, Aucklanders suffer unsustainable rates increases, burgeoning debt, increased water charges, development levies and fuel taxes. It just doesn't add up. I identified rates reform as a cornerstone of my campaign. This is an idea whose time has come," he says.

"Over 100 cities in the United States are now building rail systems because they have a share of sales tax revenues. Across the Tasman, the GST generated in New South Wales returns to New South Wales. Same in the other states. We believe we should adopt a similar system to fund cities here," says Swney.

Swney lists the benefits: 1. It would incentivise cities and regions to support and drive their economies more vigorously, which in turn would assist the national economy 2. It would diversify revenues taking the pressure off property rates and keeping them at affordable levels 3. All residents and visitors who use city amenities would contribute, not just ratepayers 4. Funding increases would correlate with growth 5. It would share taxes more equitably between central and local government

Swney advocates 11.5% of GST going to central government and 1% staying with local and / or regional councils, meaning the total GST burden for the country would remain the same at 12.5%. Using government estimates, 1% of GST would total $680 million in extra funding annually for councils throughout New Zealand, with over $200 million annually for the Auckland region, calculated on a population basis.

Swney emphasises that his recommendation does not represent a tax increase.

Swney says: "The extra $200 million from a 1% share of GST would allow Auckland to develop new economic and environmental infrastructure including stormwater quality improvements to protect our harbours, improved public transport, an international convention centre, proper cruise ship facilities, new tourism initiatives and a spectacular waterfront for us all to enjoy, for example." ends

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Demise Of The Tokyo Olympics

As the Covid vaccines roll out around the world, the Tokyo Olympics are looming as a major test of when (and whether) something akin to global normality can return – to international travel, to global tourism, to professional sport and to mass gatherings of human beings. Currently though, it looks like a forlorn hope that Japan will be able to host the Olympics in late July. Herd immunity on any significant scale seems possible only by December 2021, at the earliest... More>>

 

Oranga Tamariki: Chief Executive Grainne Moss Steps Down

Controversial Oranga Tamariki chief executive Grainne Moss has decided to step down. More>>

ALSO:

USA: Prime Minister Congratulates President Joe Biden On His Inauguration

Prime Minister Jacinda Ardern has congratulated President Joe Biden on his inauguration as the 46th President of the United States of America. “I look forward to building a close relationship with President Biden and working with him on issues that matter ... More>>

ALSO:

New Zealand Government: Cook Islanders To Resume Travel To New Zealand

The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Mark Brown have announced passengers from the Cook Islands can resume quarantine-free travel into New Zealand from 21 January, enabling access to essential services such ... More>>

ALSO:

A New Year: No politicians at Rātana in 2021

Annual celebrations at Rātana pā will be different this year, amid a decision to hold an internal hui for church adherents only… More>>

ALSO:

Government: New Public Housing Plan Announced

RT HON JACINDA ARDERN HON DR MEGAN WOODS The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government ... More>>

Government: Pre-Departure Testing Extended To All Passengers To New Zealand

To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. More>>

ALSO:

Covid: Border Exception for 1000 International Students

The Government has approved an exception class for 1000 international tertiary students, degree level and above, who began their study in New Zealand but were caught offshore when border restrictions began....More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels