Tag Archives: Capital works

DCC draft annual plan 2012/13

Find links and comments to preliminary media reports at
DCC living beyond its means [all spending and debt not declared]
Links to DCC staff reports at Comments

UPDATE 21.1.12
### ch9.co.nz January 20, 2012 – 6:13pm
DCC budget proposal
Next week the Dunedin City Council will be meeting to discuss budget proposals for the 2012-2013 Annual Plan. Mayor Dave Cull says it’s not just the stadium which has created current Council debt, but a number of other issues, as well.
Video

Well, Mayor Cull would say that. However, the stadium project has been the one to expose the council to public scrutiny and awareness of a decade of mismanagement of ratepayer funds. Such that the debt per Dunedin ratepayer is now about six times the national average. As other commentators are demanding, a full independent forensic financial investigation into DCC, DCHL, DVML, DVL and CST is required.

Posted by Elizabeth Kerr

72 Comments

Filed under DCC, DCHL, Economics, Politics, Project management

DCC living beyond its means [all spending and debt not declared]

Mr Cull said he was not alarmed by the level of debt, and believed the issues Dunedin faced could be addressed. “Headroom” created by lower debt levels was important.

### ODT Online Tue, 17 Jan 2012
As debt peaks, Cull talks of asset sales
By David Loughrey
Dunedin Mayor Dave Cull has raised the prospect of asset sales to deal with the city’s debt, as the amount owed hit a historic peak this financial year. The figure reached a grand total of $327.4 million this financial year which ends on June 31, just over 10 times what the city owed in 1999.

“The council could not stop developing the city, fixing things, or thinking about new things.”

Read more

Posted by Elizabeth Kerr

72 Comments

Filed under CST, DCC, DCHL, DVL, DVML, Economics, Politics, Project management