Scoop has an Ethical Paywall
KCDC's Improved Credit Rating
KCDC's Improved Credit Rating
Guy Burns, Deputy Chair of the Paraparaumu Raumati Community Board, welcomes the news of Council’s improved credit rating outlook; up from A plus to AA.
“This jump is a direct result of KCDC abandoning (due to public pressure) its ridiculous ‘loans for investment’ plan. The scheme was to borrow money to invest in the financial market, this would have increased pressure on our high debt level.
“The improved credit rating is only one measurement of Council. Huge staff costs are a concern and an in-depth independent review of this expenditure is urgently needed.
This is my view and not of the Raumati Paraparaumu Community Board as a whole.
Guy Burns
Deputy Chair Raumati Paraparaumu Community Board
Advertisement - scroll to continue reading
Gordon Campbell: On The Risks Of AI In The Workplace
Horizon Research: New Poll Finds High Concern About Fuel Situation
Tiaki Wai: Over 1,150 People Give Feedback On Tiaki Wai Water Services Strategy
Greenpeace Aotearoa: Israeli Forces Illegally Attack Peaceful Humanitarian Flotilla
Zero Waste Network: Container Return Scheme Bill Could Save Councils $50m A Year And Put Money Back In Households
Office of the Privacy Commissioner: Privacy Commissioner Does Not Support Policing Amendment Bill
Foreign Affairs Defence and Trade Committee: Have Your Say On The International Treaty Examination Of The New Zealand—India Free Trade Agreement
