Council not collecting enough money
By local democracy reporter Brendon McMahon:
The West Coast Regional Council is being warned it is not collecting enough money from rates, and will need to consider using its investments again to subsidise rates.
The council's financial manager raised the matter as it received a report on its investment portfolio at a Risk and Assurance Committee meeting on February 20.
Committee chairperson Frank Dooley said fund manager JB Were had advised "a cautious stance" over divesting its portfolio.
Acting corporate services manager Aaron Prendergast said the draft long-term plan suggested using funds generated from this portfolio to reduce rates.
The council was "under rating".
"It is timely for some of those decisions around how the portfolio operates," he said.
Dooley said the council's rates income should generate debate again this year.
He repeated his previous stance that council could not afford to keep rates down if it were to meet its statutory responsibilities.
"This council has under rated for a number of years, and as a result we have accumulated a number of deficits," he said.
"As we go through the LTP consultation phase I think this is something that will be … debated quite rigorously."
That included the role of the investment portfolio and rates income, Dooley said.
The ouncil's investment fund closed for the six months to December 31 at just over $13 million, $431,484 higher from July 1 ($12.57m).
Its catastrophe fund sat at $495,817 while awaiting the $1m previously spent in Westport in 2022.
According to the investment report, the council owes $11.4m via the Local Government Funding Agency, and nearly $2m under a 'multi-option credit loan' with Westpac.
Prendergast said the council needed to weigh up its investment and its capacity to use that to subsidise rates increases.
"I think the quantum if we were to reinvest as opposed to subsidise rates is about $1 million a year," he said.
Councillor Brett Cummings said council had previously used investment income to subsidise rates income, but this saw the investment fund growth rate slowly decrease.
Subsequently, the council chose to build up the main fund again, with the last withdrawal in 2021.
Dooley was the sole dissenter against the 2023-24 increase of 16.4%, saying it needed to be much higher.
Meantime, some ratepayers are still unclear what their total 2023-24 rates bills will be.
Poll: Have you ever been bullied?
People associate bullying with children in schools, but it can actually stretch beyond childhood to workplaces or neighbourhoods.
This Friday is Pink Shirt Day, which began in Canada in 2007 when two students took a stand against homophobic bullying after a new student was harassed for wearing pink. People across the globe are now encouraged to wear pink on this day to take a stand against bullying and promote inclusivity.
Have you or your whānau ever experienced bullying? Share your thoughts on Pink Shirt Day below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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79.8% Yes
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19.9% No
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0.4% Other - I'll share below
Neighbourly Q&A: Renting rights with CAB's Sacha Green
We are continuing our Q&A sessions on Neighbourly. This week we have the amazing Sacha Green from Citizens Advice Bureau New Zealand (CABNZ) who will be answering your questions about your renting rights.
A little bit about Sacha:
She has been working for CABNZ for 10 years and is passionate about empowering people with knowledge of their rights as well as ensuring access to justice.
She helps support the team of over 2,000 trained volunteers who deliver the CAB service in 80 neighbourhoods around Aotearoa by providing advice and support at a national level on a wide range of issues. One of Sacha’s work areas is leading the CAB’s social justice work on housing and tenancy issues.
Whether you're a flatmate, landlord, boarder or flatmate, you can leave a comment below and Sacha will share an answer on Wednesday from 9.30am. You may want to ask about notice periods, bond fulfillment, reasonable rent increases, or even whose responsibility it is to deal with mould in the home.
Join Sacha here on Wednesday at 9.30am. See you then!.
⇩ Share your question below ⇩
Tips for moving to a retirement village with a pet
Moving to a retirement village marks the beginning of a new chapter filled with opportunities waiting to be explored. Naturally, you want to share this journey with your beloved furry companion, and at Ryman, you are welcome to bring your pet along, provided they are suitable for the village environment.
Once your pet is approved for the village, the focus shifts to ensuring a smooth transition for them. Dogs and cats, being creatures of habit, may find relocating stressful. However, with patience and a thoughtful approach, we can mitigate their anxiety and help them settle into their new surroundings seamlessly.
For more tips click read more.
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