Local authorities combined had an operating deficit of $79.8 million in the March 2014 quarter, Statistics New Zealand says.
A drop in income coinciding with a rise in spending led to the deficit.
Operating income from core services was nearly $2 billion, a fall of 3% from the December
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Smartphone Only Annual Subscription
NZ$249.00 / yearly
Monthly Premium Online Subscription
NZ$49.95 / monthly
Smartphone Only Subscription
NZ$29.95 / monthly
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Chris Hutching for NBR NZ Property Investor
Tue, 17 Jun 2014
Tue, 17 Jun 2014
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Council debt and ratepayer stress under scrutiny
38842