Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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


Tasman’s Financial Outlook Remains Positive

Tasman’s Financial Outlook Remains Positive

Independent credit rating agency Standard and Poor’s has again assessed the Tasman District Council as having a “positive outlook” and affirmed its AA- financial strength rating.

In its report, Standard and Poor’s said the positive outlook “reflects our view that Tasman District Council’s credit profile has structurally improved from previous years, supported by solid budgetary performance and a trend of declining debt”.

Council Corporate Services Manager Mike Drummond said Standard and Poor’s assessment was pleasing. The assessment also indicated that the Council’s rating could be raised further in the next 12 months if the strong financial performance continued. The outcome is testament to the Council’s adherence to a sometimes testing financial strategy.

“Without the Council’s adherence to the strategy the outcome may have been different. In preparing for next year’s Long Term Plan, it is likely the current financial strategy will be a continuing theme in our decision-making,” Mike said.

“S&P indicated that if the Waimea Community Dam project proceeds as currently proposed, the project shouldn’t reduce the likelihood of our credit rating being increased further in the near future.”

Mike said: “The rating agency has again recognised the Council’s sound management and strong budgetary flexibility, which sees us in good stead for the future.”


Advertisement - scroll to continue reading

Are you getting 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.

© Scoop Media

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

Gordon Campbell: On The Newshub/Smokefree Twin Fiascos

Here’s a tale of two sunset industries. One has a track record of quality investigative reporting, and sound reportage of the 24/7 news cycle. The other sunset industry peddles a deadly substance that kills and injures tens of thousands of New Zealanders every year, while imposing significant annual costs on the public health system.

Which industry is this government rushing to assist..?


ACT: New Zealand Dodges Dopey Experiment In Prohibition

“Labour’s attempted crackdown on smokers would have delivered criminal groups a near-monopoly over the cigarette trade,” says ACT Health spokesman Todd Stephenson... More

Government: Backs Police To Crackdown On Gangs
The coalition Government is restoring law and order by providing police new tools to crack down on criminal gangs, says Justice Minister Paul Goldsmith and Police Minister Mark Mitchell. “Over the last five years gangs have recruited more than 3000 members, a 51 per cent increase... More

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More

Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More




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.