I often disagree with the style, and comments, of Wayne Brown but his response to the government about their proposed cap on rates whilst wearing this cap reading a book “Surrounded by idiots” says it all.
In this article the ramification of the crazy motives of this government are laid out clearly for all to see. Global credit agencies warn against council rates cap – Newsroom. In the article it is stated:
The world’s two biggest credit rating agencies have both put big New Zealand councils on notice: they say the Government’s proposed rates cap could impact on the local authorities’ finances and drive up their interest rates.
Since Local Government Minister Simon Watts announced his proposed property rates target band in December, S&P Global has reviewed its credit ratings for Christchurch, Dunedin and Greater Wellington councils.
Yes, the government’s decision will put up our council’s cost of borrowing to replace pipes under the ground or resealing our roads. As you pass a maintenance team anywhere in this city just think “this is going to cost more because the NZ government is putting a cap on rates”.
It’s as simple as this. As the CCC attempts to balance its budget to meet a figure pulled out of the air by the government based on the increase in the price of butter, our infrastructure we rely on will slowly deteriorate.
I call for our mayor to stand up to the government on many of their policies. He does lead the second largest city in NZ. The Auckland the Mayor has taken the government on and this article covers it very well Luxon visits Brown; Auckland mayor rallies councils against PM’s rates cap – Newsroom. A comment under the article by our Rosemary Neave says it more clearly than any of my writing:
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