Scoop has an Ethical Paywall
Licence needed for work use Learn More

Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Auckland Council's Recklessness Puts Watercare At Risk

Watercare has signalled the possibility of a 25.8% increase in bills in order to remain in Auckland Council's borrowing limit.

Watercare's debt currently sits in Council's books, and are therefor unable to borrow to offset these increases.

Commenting, Auckland Ratepayers' Alliance spokesperson Sam Warren said:

"The root of the problem is Auckland Council's recklessness."

"Watercare is one of the few entities justified to borrow at such scale to fund critical infrastructure – but Auckland Council has acted like an impulsive teenager and maxed out Mum and Dad's credit card."

"At the end of the day, Council urgently needs to reign in its wasteful spending on vanity projects, cut the fat, and stick to its core services."

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.