### ODT Online Mon, 19 Jul 2010
Opinion: Debt accounting deception
Calvin Oaten has been sifting through the DCC’s accounts and finds nothing but dismay. “No wonder Dunedin’s rates are so high.” The avalanche of demands on the local public purse is staggering. Combine that with the seemingly inevitable growing weight of council bureaucracy and the internal pressures that brings, and the city has a recipe for both increasing rates and increasing debt.
See related comments posted yesterday at DCC: Residents’ Opinion Survey
The future for the whole of Dunedin City will involve the retirement of debt in ways we’ll probably find unpalatable. Some of us will be dead and in the ground by then.
Post by Elizabeth Kerr