Page 13 - Financing Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 Ministry of Housing and Urban Development Kevin Stent/Stuff Wellington Water contractors were forced t...

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 included without Council reports or assessments to justify the expense. We requested any reports or a...

Audit New Zealand warns Wellington City Council is risking more burst pipes 6 Apr, 2021 03:54 AM 4 minutes to read Wellington's 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 opinion raising concerns about how it has determined its investment for three waters infrastructure...

Project Auckland: Finance Minister Grant Robertson's priorities for Auckland 8 Mar, 2021 09:00 PM 8 minutes to read Infrastructure and Finance Minister Grant Robertson talks to Fran O'Sullivan on Auckland's future investments. NZ Herald photograph by Mark Mitchell Infrastructure and Finance Minister Grant Robertson talks to Fran O'Sullivan on Auckland's future investments. NZ Herald photograph by Mark Mitchell NZ Herald Infrastructure Minister Grant Robertson is relishing his ability to drive progress on major projects that Labour campaigned on in Auckland without the uncertainty of coalition...

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 city's most ambitious as the council reckons with some of the most pressing issues its ever faced: historical under-investment in water infrastructure; a severe housing shor...