Daily review 04/12/2025

Written By: notices and features - Date published: - 5 comments
Categories: Daily review

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

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5 comments on “Daily review 04/12/2025”

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  2. 2

    Planet Earth to the Taxpayers Union and its government.

    On Tuesday, credit rating agency Standard & Poor's said that a rates cap could lead to a greater debt burden as council's could be forced to rely more heavily on debt to finance capital expenditure.

    Councils that responded to the rates cap by loading up on debt could see their credit ratings downgraded, making it more expensive to borrow.

    https://www.rnz.co.nz/news/political/580885/rates-cap-puts-future-infrastructure-projects-at-risk-marlborough-mayor-says

    1. 2.1

      Political slogans from the government unrelated to the real world.

      Ruapehu Mayor Weston Kirton says a new cornerstone Government policy will strip communities of the ability to decide the level of services they want and risks pushing councils into a spiral of long-term underinvestment seen in Australia.

      He also questions whether the cap will deliver discipline or simply defer pain.

      “When councils are forced to cut spending to meet a cap, it becomes impossible to lift rates later to catch up on deferred investment,” Kirton told Local Democracy Reporting.

      “This leads to a cycle of underfunding and persistent deficits.”

      https://www.thepost.co.nz/nz-news/360909450/rates-cap-will-lock-councils-long-term-deficit-ruapehu-mayor-warns

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