A stampede of local government asset sale proposals

A stampede of local government asset sale proposals
Auckland's port - seed capital for a local government sovereign fund? (Image: Supplied)
Pattrick Smellie
Put together these two magical ingredients – a centre-right government and a local government sector groaning under high debt and impossible rates increases – and what do you get?By the looks of things, a rash of either attempted or actual partial privatisations of local government-controlled businesses.Less than a month into the new government’s term, city and regional councils representing the bulk of the New Zealand population have begun talking about asset disposal to fund future public needs.Look at the evidence.Announcem...

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