New taxes are never popular. But unless central government gives local bodies the power to raise more than just rates, budgets will never cover costs.
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New Zealand’s councils are over-reliant on ratepayers to cover increasing costs. Central government needs to help support councils to do the work that helps local communities thrive.
New Zealand’s largest city is governed by a small, remote body with only a semblance of representative democracy. Given the city’s massive challenges, is that good enough?
The Fed’s decision to cut interest rates for the first time since 2008 could lead to economic policies that are even more reckless.
