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

 

Tasman Reduces Debt in 2016 - 2017

Tasman Reduces Debt in 2016 - 2017

The Tasman District Council has reduced its debt for the third year in a row and continues to strengthen its balance sheet, its latest Annual Report shows.

The report, adopted today, shows the Council’s net external debt at the end of the 2016 – 2017 financial year was $122 million. That has reduced from $129 million at July 2016, and $141 million at July 2015. The Council also recorded an underlying operating surplus of $12.9 million.

Tasman Mayor Richard Kempthorne said it was a good result that would benefit Tasman residents. “There are some major infrastructure works needed because of the high growth our area is experiencing and will continue to experience. Having a strong balance sheet makes it easier to carry out that work.”

Richard said careful control of spending, low interest rates, higher dividends from Port Nelson and Nelson Airport and increased forestry revenue had all contributed. While the Council’s capital projects spend of $32.7 million was below budget, a lot had been achieved in the year, including:

· Responding to the effects of the Kaikoura earthquake with extra facilities for St Arnaud and Murchison

· The start of joint landfill operations with Nelson City Council

· Progress on replacing the Kaiteriteri sewer main that runs under the Tapu Bay estuary with a land-based pipe

· Work towards improving freshwater quality

· Progress securing land and funding for the proposed Waimea Community Dam

· Completion of a new community recreation facility for Golden Bay

A small sample of some of the Council’s other work in the past year includes:

· Managing and maintained 810 hectares of parks and reserves, 52 playgrounds and 12 open cemeteries

· Supplying water to 11,100 domestic water connections

· Processing 1564 building consents

· Making 156,350 library items available to the community

· Collecting 5232 tonnes of recycling

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Whether Spotify Can Save Itself; Plus A Playlist


Spotify has to be one of the most interestingly futile mouse-wheels of 21st century capitalism. Run, run, run goes the Spotify mouse but it never, ever makes a profit. For reasons set out below, it maybe never will. But it won’t be for wont of trying. Reportedly, Spotify’s music library contains 70 million tracks and it adds 60,000 more each day. By some estimates it adds on average, one new track every 1.4 seconds. (No wonder it's so hard to keep up with new music.) Spotify has 345 million active users, and 155 million of them have been willing to pay a subscription in order to enjoy their music ad-free. Ads are not a major driver of company revenue...
More>>



Alastair Thompson: Are There TPLF Ethiopia Insurgency Training & Support Operations in Uganda?


Mystery Document Alleges:
Covert Operation has US/Egypt Support
Operations Coordinated between South Sudan, TPLF and Uganda
Planning began December 2021...

More>>




 
 

Prime Minister: Chatham House Speech
What an honour it is to be back in London, and to be here at Chatham house. This visit represents much for me. The reopening of borders and resumption of travel after a difficult few years... More>>


Government: New Zealand Secures Major Free Trade Deal With European Union
New Zealand and the European Union have concluded negotiations on a major free trade agreement (FTA), which unlocks access to one of the world’s biggest and most lucrative markets... More>>

ALSO:

Government: New Measures To Help Manage COVID-19 As Country Stays At Orange
The Government is taking action to help reduce the spread of COVID-19 in schools and early childhood services, COVID-19 Response Minster Dr Ayesha Verrall and Associate Education Minister Jan Tinetti announced today... More>>



Government: New Era For Better Health In Aotearoa New Zealand

The Government has today delivered a nationwide health system that will ensure better outcomes for all New Zealanders with the establishment of Te Whatu Ora - Health New Zealand... More>>



Greens: Alcohol Harm Minimisation Bill Pulled From Biscuit Tin

After years of research and advocacy, Parliament will finally consider legislation to take meaningful action on alcohol harm, says the Greens... More>>


Government: Wellington’s Rapid Transit Option Progresses To Next Stage
The Government is progressing a preferred option for LGWM which will see Wellington’s transport links strengthened with light rail from Wellington Station to Island Bay... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels