Councilneedstorevisithowmuchto borrow
Published date | 27 May 2023 |
Publication title | Otago Daily Times (New Zealand) |
So far the cost of the imposed regional one plan for the West Coast has been levied through rate increases and a $1.1million loan.
Although the TTPP is seen as a blueprint for the Government’s new regional plan model under the Resource Management Act reforms, the full cost looks set to lie with the 20,000 rateable properties on the Coast.
That either means more rating, or another loan.
The regional council is already projected to impose a general rates increase of 10%, in line with its 2021-31 long-term plan.
Chief executive Heather Mabin said it was clear the council would not receive any more infrastructure money in the next year.
Also, the implications for the regional council’s own $10.2million Westport scheme — after the Government chipped in $22.9million last week — had yet to be worked through, she said.
Ms Mabin said now it was clear the Government had prioritised the North Island recovery and the West Coast would have to think again.
‘‘At this stage that has been unsuccessful due to the money going to Cyclone Gabrielle [recovery].’’
Instead it would have to find a way internally.
‘‘We now need to revisit how much — if any — we need to borrow.’’
The council was previously...
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