LGNZ optimistic new govt understands needs for broader funding options

Thu, 07 Dec 2017

By Rebecca Howard Dec. 7 (BusinessDesk) - Local Government New Zealand is lobbying the new government for more funding options for councils as a lack of options is holding back community development. "We are overwhelmingly reliant on property rates to fund growth infrastructure for new residents and visitors and it is just not sustainable at the moment. We need access to diverse funding tools with some urgency," LGNZ president David Cull said at a quarterly briefing in Wellington. Cull said councils nationwide are facing "considerable...

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