Sam Broughton: Local Government New Zealand President on the Government's decision to lift the debt cap for councils

Update: 2024-11-21

Description

Councils are celebrating the government's decision to lift the debt cap, allowing them to borrow more money.

It follows an average 15% rates increase this year across the country.

Local Government New Zealand President Sam Broughton told Mike Hosking that councils currently have two options - borrow or lift rates.

He says they have to borrow more because residents can't afford to fund the infrastructure deficit councils are in.

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Sam Broughton: Local Government New Zealand President on the Government's decision to lift the debt cap for councils

#box-pro-ellipsis-173227447605772{-webkit-line-clamp:2;}Sam Broughton: Local Government New Zealand President on the Government's decision to lift the debt cap for councils

Sam Broughton: Local Government New Zealand President on the Government's decision to lift the debt cap for councils

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Sam Broughton: Local Government New Zealand President on the Government's decision to lift the debt cap for councils