Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Floods Impact on Local Authority Finances

18 December 2006

Floods Impact on Local Authority Finances

Floods in July and August had an impact on the September 2006 quarter financial results of several local authorities in the lower North Island, Statistics New Zealand said today. Additional government grants were needed as some towns were flooded. Total government grants and subsidies to New Zealand's 86 local authorities increased to $186.7 million for the quarter (when seasonally adjusted), up $28.9 million (18.3 percent) on the June 2006 quarter.

Total operating revenue for the September 2006 quarter was $1,420.5 million, up $45.2 million (3.3 percent) compared with the June 2006 quarter. The increase was mainly due to rises of $57.6 million in rates, and $28.9 million in government grants and subsidies.

The floods also contributed to a record quarterly expenditure figure of $1,388.7 million, an increase of $39.0 million (2.9 percent) compared with the June 2006 quarter. The purchase of goods and services, grants and donations, and all other expenditure was the largest component, accounting for $745.7 million (up $25.8 million). Overall, local authorities produced a combined operating surplus of $31.8 million in the September 2006 quarter, up from a $25.6 million surplus in the June 2006 quarter.

Brian Pink

Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:

Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Retail: Supermarkets Announced As Government’s Second Market Study

The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries. More>>

ALSO:

Statistics New Zealand: Retail Sales Recover In The September 2020 Quarter

Retail sales values recorded the largest September quarter rise since the series began in 1995, Stats NZ said today. Spending on major household items, vehicles, and groceries contributed to the strong 7.4 percent ($1.8 billion) rise in total ... More>>

Kea Aerospace: New Zealand Flies Into The Stratosphere

Development has started on a solar-powered, unmanned aircraft that can fly in the stratosphere continuously for months at a time. The zero-emission aircraft will carry a suite of imagery equipment that will be game-changing for many industries, vastly ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO:


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>