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

 

Councillors Vote On Draft Wellington City Budget For The Next 10 Years

Wellington City Councillors met yesterday to agree on the city’s direction for the next 10 years.

Mayor Andy Foster put forward a draft budget for the Council’s consideration.

“The decisions we make on what to include in the draft budget and what to leave out are still subject to final approval,” said Mayor Foster.

“The budget outlines what we will be investing in, how much it may cost and how this will be funded. It is a budget for infrastructure and resilience and strikes the balance between what we have to do, rating affordability and a debt level that leaves headroom for both expected and unexpected future challenges.

“It provides guidance on how we will make Wellington an even better place to live, work, play and visit as we go into the future.”

A draft consultation document will be provided to the Annual Plan/Long-term Plan Committee meeting on 4 March. Councillors will give final approval to this draft document, which will then go out for public consultation in April before a final plan is adopted in June 2021.

The key decisions made at yesterday’s meeting include:

· A significant uplift in capital spending – directed to infrastructure including for three waters.

· Setting the Council’s debt to revenue ratio limit at 225%

· Exploration of new funding mechanisms for city housing, the central library and sewerage sludge investment.

Councillors agreed to reduce the library budget for new physical items for years one and two. This will not reduce the current collection size, or the budget for buying new digital items.

They also voted to enable partnering for commercial space in the Central Library. This would see the costs for remediating the Central Library condensed into years three and four, by agreeing to make milestone payments to the developer who the Council engages to carry out the remediation work. This would allow the Council to stay within a responsible debt level while still rebuilding the library in the preferred timeframe.

Key dates:

4 March - Annual Plan/Long-term Plan Committee meeting:

· Consultation document to approve.

· Agreement to consult.

· Approval of budgets

30 March - Annual Plan/Long-term Plan Committee Meeting:

· Draft consultation document approved.

April - Public consultation

30 June - The Long-term Plan 2021-31 is adopted.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Rivals For The Covid Saliva Testing Dollar

If you want a good insight into what the limits of tiny, barely discernible steps to reduce poverty actually look like, delve into the latest Statistics Department figures on poverty in New Zealand Most of the nine measures utilised reveal little or no progress in combatting poverty over the 21 months to March 2020... More>>


 

Government: Reserve Bank To Take Account Of Housing In Decision Making

The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into ... More>>

ALSO:


RNZ: Alert Levels Remain

There are no new community cases of Covid-19 today, the Ministry of Health has confirmed.
Covid-19 Response Minister Chris Hipkins says at least half of the Papatoetoe High School community have been tested and the results that have come through so far have all been negative... More>>

ALSO:

Stats NZ: Latest Release Of Child Poverty Statistics

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>

ALSO:


NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>

Travel: Government Eases Visa Restrictions For Visitors In New Zealand

Visitor visa holders will be able to stay in New Zealand a little longer as the Government eases restrictions for those still here, the Minister of Immigration has announced. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels