NZ Local Government Reform: Regional councils axed, CTBs proposed
The biggest reform of local government in more than 35 years is underway.
OPINION: The Taxpayers' Union has run the ruler over council rate increases and concluded, "Our councils are out of control".
They've revealed that the average for city and district councils is an eye-watering 14% hike this year on top of the 15% rate hikes at regional councils.
Special mention goes to West Coast, Wellington, Central Hawke's Bay and Gore for topping the 20% mark.
The union also found that at nearly every council, the proportion of spending going to roads, pipes, pumps, etc. has been reducing compared to that spent on staff payroll, back-office bureaucracy, etc.
Analysts agree non-tradeable inflation, driven in no small part by rates, is key to reducing inflation, yet it's hard to see any evidence of councils cutting fat and focusing on core services.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.

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