DCC Annual Plan, arise the told-you-so’s

Blame attaches to the decision to fund the Stadium for creating the pressure on council finances.

### ODT Online Sat, 23 Jan 2010
Deferrals could have high cost
By Chris Morris
The Dunedin City Council faces a double whammy of lost revenue and community anger – at least from some sectors – if it defers some or all of a list of major capital projects in an effort to save money. The proposal to consider staging or deferring work on planned upgrades of the Regent Theatre, Otago Settlers Museum and the Town Hall/Dunedin Centre was raised by deputy mayor Syd Brown during Thursday’s council pre-draft annual plan meeting.
Read more

****

### ODT Online Sat, 23 Jan 2010
Deferring depreciation saving for council
By David Loughrey and Chris Morris
The Dunedin City Council has managed to wring some money from its budgets using a method it has been using for some time – deferring its spending on depreciation. Since 1992, councils have been required by Audit New Zealand to list all assets on their books and set aside depreciation; an amount to maintain them and pay for their eventual replacement.
Read more

Other stories:
Cuts likely to hit libraries
Road decision long way off
On the trail of Lovelock
Last chance for Lovelock Ave opponents

Post by Elizabeth Kerr

Leave a comment

Filed under Architecture, Economics, Politics, Project management, Stadiums, Urban design

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s