Waimakariri funding – how we pay for things

A key question for this Waimakariri District Council election campaign, How do you propose to reduce the debt? In council, there are two ways to pay for capital projects. Borrow, or raise rates (or both). To clamp down severely on loan funding leaves you only with rate rises as a way to pay for services Going only to rates makes today’s generation pay the entire cost of an asset that