Three Waters ditches plans to provide $1.5 billion funding to councils
Updated 14 April, 2023:
Proposed legislative changes to address opposition to "Three Waters" announced by Local Government minister Kieran McAnulty
The number of new publicly owned entities to manage water, stormwater and waste-water services increases from four to 10
Start date pushed out to 1 July, 2026 instead 1 July 2024
Plans to provide $1.5 billion "better off" funding to councils abandoned
The $1.5 billion invested instead by the ten new publicly owned entities into providing water, stormwater and wastewater services
Raises questions about impact withdrawing "better off" funding from Council's will have on the financial books.
Additional link: www.stuff.co.nz...
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