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

 

Wellington Pre-election Report released

Wellington Pre-election Report released

Wellington City Council Chief Executive Kevin Lavery has released his 2019 Pre-election Report today, saying: “The Report is intended to stimulate discussion about key issues for Wellington ahead of this year’s local body elections.”

The Pre-election Report can be read here.

“It is aimed at both voters and candidates so both have the context in which to make their decisions to vote and/or stand. Successful candidates will understand the context in which they will assume their duties as a Mayor or Councillor for Wellington.

“It has been a busy three years and Wellington is thriving and growing,” said Mr Lavery.

“We are in a good position because of a lot of hard work. We have met and are still meeting challenges from the Kaikoura earthquake while continuing to deliver over 400 high-quality services to over 220,000 people every single day,” he said.

The report sets out the key challenges and opportunities facing Wellington and the Council over the coming three years and beyond, including: the operating constraints of a growth environment, resilience and climate change, transport and urban development, affordable and social housing and enhancing Wellington’s creative capital status. The report sets out a number of important decisions the new Council will need to make.

The report also sets out the Council’s financial position.

Mr Lavery said: “The Council’s financial position is strong. This is reflected in our AA credit rating from Standard and Poor’s.”

As part of the 2018-28 Long-term Plan the Council agreed to a ten-year $2.3 billion capital expenditure programme. Of that funding:

- $1.2 billion will go to core transport and three waters infrastructure
- $1.2 billion will fund asset renewal
- $0.18 billion will be invested into responding to the city’s growth needs
- $0.93 billion will be allocated towards service-level improvements.

“At the same time, the city faces significant resilience issues arising out of the Kaikoura earthquake. Some $257 million in lost commercial rateable value, over $200 million of capital projects adding pressure to the rates line for seismic strengthening projects for the Town Hall and St James Theatre, contributions to the Unreinforced Masonry programme and water resilience, in addition to that has been $30 million for temporary solutions to the closure of the Central Library,” he said.

The Council’s debt position is conservative and ranges from 120 to 167% of annual income over the next 10 years, well below the Council’s 175% cap. Debt is used to fund the Council’s investment in long-term assets and is spread to share both the cost and the benefit across the life of the asset.

The Council’s starting borrowing position of $546 million equates to $2551 per person in Wellington. This is equivalent to a household earning $75,000 a year having a mortgage of just under $95,000 and an investment portfolio worth $85,200.

“We are in great shape, both as a city and as an organisation. There are challenges ahead, but there are opportunities ahead. The next three years will be pivotal to Wellington’s long-term future and to ensure we stay in great shape.

“However, there are constraints and this will likely impact the forthcoming 2021-31 Long-term Plan. There will need to be some reprioritisation and re-sequencing of the Council’s work with longer time-scales than those agreed in the 2018-28 Long-term Plan,” he said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Overseas Investment Rules: New National Interest Test

Associate Finance Minister David Parker said under current Overseas Investment Act rules, assets such as ports and airports, telecommunications infrastructure, electricity and other critical infrastructure are not assessed through a national interest lens.

“We are introducing a number of new powers, consistent with global best practice, to protect New Zealanders’ best interests in such important – often monopoly – assets,” David Parker said.

Responding to concerns about overseas investment in water bottling, the Government will also require consideration of the impact on water quality and sustainability of a water bottling enterprise, when assessing an investment in sensitive land. More>>

 

Matter Of Trust: Peters Says NZ First Loans Legal

"Allegations raised this morning by Stuff Limited / Fairfax concern a party matter but I am confident that New Zealand First has operated within electoral laws, now and for the last 27 years." More>>

ALSO:

PGF CONFLICT OF INTEREST:

Gordon Campbell: On Labour’s Age Problem, And The Port Hills

Labour has been steadily improving its gender balance to the point where there are now 21 women in its caucus out of 46 MPs in all... Yet Labour has been just as steadily losing the generational battle to the Greens. More>>

ALSO:

Child Deaths Revealed: NZDF Deal To Clear Afghan Firing Ranges

The Defence Force has agreed a deal to clear unexploded ordnance in Afghanistan after revelations seven children were killed by unexploded devices left there. More>>

ALSO:

Charles & Camilla: Visit Takes Royals From Waitangi To Christchurch

Domestic violence services, conservation and education are all on the list for the royal tour. The Prince of Wales and the Duchess of Cornwall will spend a week travelling the country from Waitangi to Christchurch. More>>

ALSO:

Gordon Campbell: On The Farming Sector’s Persecution Complex

The narrative that our farmers are ‘doing it tough’ plays into a number of wellworn stereotypes ... More>>

ALSO:

corrections, prisonCorrections: Independent Review Of Prisoner Mail Management

The independent review into the prisoner mail system has today been released, with Corrections accepting all 13 recommendations and making a number of changes to strengthen the management of prisoner mail. More>>

ALSO:

IPCA: Unlawful Detention Of Teenager; Influence Of Investigation

The Independent Police Conduct Authority has found that former Inspector Hurimoana Dennis unlawfully detained an Auckland teenager in 2015, and improperly influenced the outcome of a criminal investigation into his own son in 2014. More>>

ALSO:

SOP For Gun Bill: New Measures For Modified Pistols

The new controls will • Prohibit short-barrelled semi-automatic rifles which currently are defined as pistols because they are shorter than 762 millimetres. • Introduce tighter controls over pistol carbine conversion kits… • Prohibit firearms which contain a part known as a centrefire lower receiver… More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels