Councils should be allowed longer-dated lending: Luxon

Luxon wants to get 'Wellington' out of the business community's way. (Image: NZME)

Mon, 15 May 2023

Chris Luxon says his party will allow councils to take out debt on longer terms as part of its fiscal strategy.Luxon said the National party would be making a policy announcement in the weeks ahead about different debt and financing arrangements for councils, the thrust of which would be longer-term debt financing for councils."What we tend to do is use short-term cash reserves and then say we've got a problem and we can't sort of get the funding matched up to the life of the asset," Luxon said."I think we just need to ma...

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