NZ local govt assets to grow faster than debt, revenue in next decade

Thu, 10 Dec 2015

By Jonathan Underhill Dec. 10 (BusinessDesk) - Local government sector debt is forecast to surge 42 percent to about $20 billion in the next 10 years, mainly reflecting infrastructure investment in Auckland and Christchurch, but the increase is matched by projected increases in revenue and asset values and councils are expected to remain financially sound. The projections are in a report from the Local Government Funding Agency, commissioned by Local Government New Zealand, which concludes the nation's various regional and local authoriti...

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