Evaluation: When native councils first pitched their proposed Ratepayer Financing Scheme to the incoming minister after the 2023 election, they bought it as a “fast win”.
The brand new Authorities was desperately searching for options to the price of residing disaster; this may very well be stood up and working in 12 to 18 months to deal with ratepayer affordability points, Native Authorities NZ briefed ministers. The debt can be nationally collectively owned. It could be off-balance sheet.
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