Page 7 - Financing Act News Today

It would mean residential ratepayers pay a levy of $70 to $100 per year, on top of rates. Wellington City Councillor Sean Rush, who holds the Three Waters portfolio, said the levy would give the council more ability to fund projects without breaching debt limits. “It frees up funding for other projects such as water and the libraries,” he said. Wellington City Council is currently working with Crown Infrastructure Partners to develop a proposal to submit to Te Tūāpapa Kura Kāinga Min...

Monday, 12 April 2021, 4:33 pm Generation Zero is demanding transparency from Wellington City Council on funding decisions and welcomes the opportunity to feedback on the proposed Long Term Plan. Last month Generation Zero questioned the Council on the proposed $75 million loan to Wellington International Airport and it was dropped from the LTP amidst confusion from Councillors. Now, through a Local Government Official Information and Meetings Act request, we have learned that this loan was in...

Audit New Zealand warns Wellington City Council is risking more burst pipes 6 Apr, 2021 03:54 AM 4 minutes to read Wellingtons water infrastructure has reached breaking point after decades of underinvestment. Photo / Jack Crossland Wellington issues reporter, NZ Heraldgeorgina.campbell@nzme.co.nz Audit New Zealand has warned Wellington City Council (WCC) is risking more burst pipes, reduced levels of service, and greater infrastructure costs than forecast. The council has received a qualified ...

Project Auckland: Finance Minister Grant Robertsons priorities for Auckland 8 Mar, 2021 09:00 PM 8 minutes to read Infrastructure and Finance Minister Grant Robertson talks to Fran OSullivan on Aucklands future investments. NZ Herald photograph by Mark Mitchell Infrastructure and Finance Minister Grant Robertson talks to Fran OSullivan on Aucklands future investments. NZ Herald photograph by Mark Mitchell NZ Herald Infrastructure Minister Grant Robertson is relishing his ability to drive progre...

Photo: 123rf The marathon meeting lasted nearly the entire day. The Long-Term Plan Committee meeting began with two hours of public submissions, followed by a number of amendments as councillors tried to force their own agendas through. What was agreed upon will now go to the community for consultation, before it is then re-considered and adopted by council before 30 June. Mayor Andy Foster has described the budget as the citys most ambitious as the council reckons with some of the most pressin...

Wellington City Council proposes one-off rates increase of 13.5 per cent 4 Mar, 2021 07:32 AM 4 minutes to read Wellington City Council has finalised its budget for the next 10 years, proposing a rates increase next year of 13.53 per cent. Photo / Mark Mitchell RNZ By Harry Lock of RNZ Wellington City Council has finalised its budget for the next 10 years, proposing a rates increase next year of 13.53 per cent, and an average increase of 5.77 per cent over the next decade. The marathon meeting ...

Blockchain or Cryptocurrency Fraud - Cryptocurrency Fraudulent Investment Schemes The advent of blockchain technology and cryptocurrencies has resulted in sudden fortunes for more than a few individuals. At the same time, the technology and economics of the cryptocurrency space are confusing and not well understood by the general public. This creates an opportunity for scammers to exploit the public with a path to riches whose credibility is difficult to evaluate. Apart from outright scams, our...

The Maryland Transit Administration launched a vaccine clinic Friday for its employees, and the state plans to set aside 500 vaccines per week for MTA employees.

RNZ Decade-long calls for stronger recognition of the Treaty of Waitangi in planning laws are yet to be realised, but are part of the package as the government prepares for a major overhaul of the RMA. OPINION: The elephants in the room are always too big to touch in any debate. Politicians do their best to tiptoe around them and hope they don’t tread on a trunk or brush a tail and trigger a stampede. But they also want to be seen to be moving, otherwise the voters who want change will think...

City eyeing next step in TIRZ #2 revision Officials said the Tax Increment Reinvestment Zone #2 revised project and financing plan related to the zones boundary expansion is moving into the next phase.  During Thursdays virtual regular TIRZ #2 Board of Directors meeting, Economic Development Neighborhood Revitalization Manager Emily Koller provided the panel with a revision update.  "We wanted to let everyone know that the amended project and financing plan with the boundary extension was app...