Thursday, May 30, 2013

A definate no to a Wellington super-city on expected debt alone...

A photo of Wellington taken from the lookout p...
A photo of Wellington taken from the lookout point at Mount Victoria, Wellington, New Zealand. (Photo credit: Wikipedia)

It is becoming increasingly obvious that folk in the Hutt Valley are not interested in becoming part of a Wellington Super-city.  And here is an extra reason why they would  want a super-city like a hole in the head.

The Hutt and Wellington would take on significantly more debt if the region was combined as a super-city: Looking ahead the prospects are expected to be even more dire for ratepayers. Over the next decade Wellington City borrowing is expected to increase by 42% and  the regional council's would double.  However, Hutt City Council debt is expected to decline by 18%.

So on this factor alone, there would be no interest at all. The Wairarapa is expected to go it alone as well, creating a United Wairarapa Council. So it is beginning to look more likely a United Hutt Valley Council is the preferred option. A good idea in my book!

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