YOU BETCHA BUT NOT THE STADIUM, WHY NOT THE STADIUM, MALCOLM ALWAYS SAW IT AS A LEGACY, OH, NOT TO UPSET MALCOLM THEN, ANYWAY STUART SAYS THE WATER KEEPS FALLING OUT OF THE SKY
### 3news.co.nz Mon, 28 May 2012 7:00p.m.
Local councils under pressure to use asset sales
Assets sales are never far from the headlines, and always, it seems, controversial. The Government is pressing ahead with the partial sale of four state-owned energy companies and Air New Zealand. They made their plans clear during the elections and therefore claim a mandate to sell, but how far does that go? Because it’s no longer just state-owned assets being eyed for potential sale, local councils are under increasing pressure to consider asset sales to fund new projects and reduce debt. Auckland has already said no, and now Christchurch has suggested in a very polite fashion that central Government should sod off. The Christchurch Council and ratepayers face extraordinary costs following the earthquake, but the mayor is firm that there will be no sale of the family silver.
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Posted by Elizabeth Kerr