The city’s level of debt

It is with growing concern I read about Tauranga City Council's desperate attempts to slash rate increases down from 17.8%, and avoid a credit down grade by Standard and Poors.
During the election campaign Mayor Crosby rubbished his opponents concerns about pending rate increases, and the city's level of debit. He touted the Tauranga City Council's current credit rating as proof of Tauranga's sound financial management, and reassured voters that rate increases could be as low as 6%.
We now read that Tauranga City Councils re-emerging financial state is the first thing on the agenda for the new council.
Was Mayor Crosby deliberately misleading voters, or does he just not know, and out of his depth?
Questions need to be asked? And answers demanded.
Jeroen van der Beek, Tauranga.

7 comments

Bulldust and Magic mushrooms

Posted on 12-02-2011 10:37 | By Ratcatcher

Voting public were well informed by TCC critics on this topic prior to the last elections and they didn't want to know about it at all.Tauranga Voters naively chose to be conned by electioneering 'claptrap' from those who wouldn't know which end is up.Well lie back and enjoy suckers because the chickens are coming home to roost big time. Mayor Crosby's 'mushroom food' was never a goer in the real world.


The truth is a mirage

Posted on 12-02-2011 15:20 | By THE RING MASTER

17.8% looks like 6% then for some reason now it looks like 11% where next?


Mushrooms and what feeds them

Posted on 13-02-2011 07:17 | By THE RING MASTER

Well all was listed for the voters to see but have been clear as.


Latest cunning plan of TCC

Posted on 13-02-2011 18:11 | By TERMITE

Looks like Tauranga is out of options for borrowing, so a joint borrowing is to be made by a number of regional councils to raise more money together, but that means all councils are responsbile for all the debt on a joint and several basis. Do they not know that the total of say $100m is added to Tauranga debt, not just the bit they ieve at the start of say $10m, so Tauranga ratepayers are in the hole 10 times faster on this one.


Unravelling the truth

Posted on 15-02-2011 10:12 | By THE RING MASTER

Since the election it would seem that the cracks are appearing about just how big a mess there is with Tauranga City Finances OUT OF CONTROL


Financial Cracks

Posted on 15-02-2011 23:10 | By Fun in the Sun

The point of my letter is to ask the Mayor, how he came up with the 6% rate increase figure during the election campaign when the post election reality appears to be vastly different. Mayor Crosby how about it?


Election promises

Posted on 18-02-2011 17:23 | By TERMITE

Good quesiton Jereon, however it misses completely the most important point, that statement nae "quote" in the BOP Times was indeed made duringt the election and voting period. Sadly when the election period closed ever elected member then as of right is able to delete all memory of that period of time by fact that no other elected member will want to agree and support what they said, thereafter it is "no one else voted for that ..." or some other seriously good genuine excuse.


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