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

 

Tasman in Strong Financial Position

22 September 2016

Media Release

Tasman in Strong Financial Position

Tasman’s annual wrap-up of its finances and achievements confirms the Council’s strong financial performance continues, with net debt reduced from $141 million in 2015 to $129 million at the end of June 2016.

The current debt is $44 million less than the $173 million forecast in the Tasman District Council’s Annual Plan 2015-2016. The Council also recorded an underlying operational surplus of $13.2 million.

Tasman Mayor Richard Kempthorne said the Council’s strong balance sheet means it is in a good position to retire more debt, continue to rebuild the emergency fund, carry funding forward for projects that were delayed this year, and deliver lower rate increases than forecast in future years.

The Council today received its Annual Report for 2016. Mayor Kempthorne said the current Council was pleased to have the opportunity to reflect on the financial achievements of the past year.

The Council will formally adopt the report once technical amendments relating to Nelson Airport’s accounts have been made and receive Audit NZ clearance.

Mayor Kempthorne said the numbers in the Annual Report were the result of significant operational savings, increased forestry revenue, less spending needed on emergency works and disaster clean-ups, delays to some capital works and higher debt repayment. Population growth, low inflation and low interest rates had also contributed.

“This is a great result, and it’s one that ratepayers will reap the benefits of in coming years – whether through reduced rates demands, debt repayment, continuing to rebuild our emergency fund or increased spending on community infrastructure and facilities.”

It is likely the Council’s debt will continue to track well below the level anticipated in the Long Term Plan 2015-2025, Mayor Kempthorne said.

The Council spent $26.9 million on capital works projects over the year, including the Golden Bay Community Recreation Facility, Motueka Wastewater Treatment Plant upgrade, Saxton Velodrome and design plans for the Richmond Central infrastructure upgrades (which includes the Queen Street upgrade).

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Labour Refusing To Lead A Progressive Drugs Policy

Once again, Labour has chosen not to use (a) its parliamentary majority and (b) the huge mandate it was given at the last election in order to (c) bring about progressive social change. Once again, Labour seems to regard its main purpose for being in power as being to keep National and Act out of power. Will Labour for instance, overhaul our out-dated, unsafe, and unjust laws on drugs? No, it will not... More>>

 

Agriculture: Government To Phase Out Live Exports By Sea

The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high ... More>>

ALSO:

Norman Gemmell: New Zealand’s New Housing Policy Is Really Just A New Tax Package — And It’s A Shambles

Norman Gemmell , Te Herenga Waka — Victoria University of Wellington Economists like to talk about “optimal policy instruments” — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and ... More>>

Climate Change: Emissions Report Shows Urgent Action Needed

Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New ... More>>

ALSO:


Claire Breen: ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform

Claire Breen , University of Waikato Recent media coverage of women not being able to get treatment for birth injuries highlights yet another example of gender bias in healthcare in New Zealand. More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>

ALSO:

Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels