Tag Archives: Discretionary spending

NZ Economy —if you’re not Treasury

Either an interest rate hike or rising unemployment, together with falling migration, would spell “the end of the party”….
Due to the Reserve Bank putting restrictions on lending and other measures, the underlying economy was in good shape to withstand “a shock”. –Dominick Stephens, Westpac Chief Economist

### radionz.co.nz Fri, 10 June 2016
Nine to Noon with Kathryn Ryan
The risks of rising household debt
9:08 AM. NZ household debt has reached half a trillion dollars. That’s $100,000 of housing and personal debt for every man, woman and child. Nine to Noon speaks to Westpac Chief Economist, Dominick Stephens and Massey University’s Dr Jeff Stangl about the risks that poses to the economy. Link
Audio | Download: Ogg MP3 (30′19″)

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### radionz.co.nz Sat, 11 Jun 2016 at 12:15 pm
RNZ News
Tough times coming as debt soars, warns economist
Record high household debt levels are not sustainable, warns a leading bank economist. At half a trillion dollars, housing and personal debt has hit 162 percent of the average household’s annual disposable income – higher than levels before the global financial crisis.
Westpac Chief Economist Dominick Stephens told Nine to Noon the decline in dairy prices was hurting the regions, but the downturn following the end of the Canterbury rebuild would be more severe than most people were prepared for. The rebuild played a huge role in the “rock star economy” between 2012 and 2014, with the international reinsurance industry dropping $20 billion on New Zealand and the government pumping in another $10b. As that money dried up, some business owners could find their businesses were not as robust as they thought, Mr Stephens said. What was less certain was when the “borrow and spend” dynamic – fed by skyrocketing houseprices – would come to an end.
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harrys_view 19 Jan 2016 Harry Harrison at South China Morning Post [scmp.com] 1Harry’s View 19 Jan 2016 [scmp.com]

Posted by Elizabeth Kerr

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Filed under Business, Democracy, Economics, Finance, Housing, Media, Name, New Zealand, People, Politics, Property, Public interest

Your City What Future $$$$$$$$$$ ? (broke Council means corporatising OUR water doesn’t it)

Dunedin City Council
Media Release

Your City Our Future – The Community Identifies Priorities For Dunedin’s Future

This item was published on 19 Aug 2011.

As part of the community-wide consultation programme, “Your City Our Future” (YCOF), a questionnaire was sent to every household with ‘City Talk’ in June 2011. The questionnaire asked the community to indicate what spending priority should be given to a number of discretionary activities. 4,340 valid responses were received by the Council.

Overall, the community ranked 46 areas of discretionary expenditure as medium to high spending priorities. The areas which were identified as the highest spending priorities were:

• Advocating for the retention of our hospital and medical research capacity;
• Encouraging employment opportunities for everyone;
• Ensuring Dunedin maintains its reputation as a leading provider of education services; and
• Promoting Dunedin to attract visitors, workers and investors.

The areas which were most commonly identified as ‘top three spending priorities’ in the open data collection were:

• Employment and jobs;
• Reduction of rates and spending;
• Public transport;
• Supporting businesses and industries; and
• Learning and education.

The areas most commonly identified as ‘other factors the Council should consider’ in the open data collection were:

• Improving public transport services (cheaper fares, bus frequency and timetable, bus sizes, bus routes, bus shelters, etc.);
• Improving railway services (trams/cable cars, passenger rail, freight, etc.); and
• Supporting home-owners to make homes warmer, healthier and cheaper to heat.

In order to overcome possible issues of bias associated with surveys where respondents ‘self select’, a telephone survey was also be undertaken in June 2011 of a random sample of 380 households. The Council is satisfied that the results from the telephone survey have validated the results from the questionnaire.

Mayor Dave Cull says, “When we first launched YCOF in 2010 I said this programme takes an holistic view of the city and it is important that the community plays an active part in shaping that view. These results suggest a large number of Dunedin residents took the opportunity to do just that. I’m looking forward to building on the work that has already been done, and helping to shape Dunedin into the city our community wants it to be.”

The YCOF results will guide the Council and DCC staff when considering the priorities for discretionary spending over the next ten years.

Contact Dave Cull, Mayor of Dunedin on 477 4000.

DCC Link

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### ODT Online Sat, 20 Aug 2011
Councils in talks on buses
By Chris Morris
The Dunedin City Council is considering a possible takeover of the Dunedin public transport network from the Otago Regional Council, which could pave the way for an overhaul of the service.

The news was confirmed by Dunedin Mayor Dave Cull yesterday, as results of the council’s Your City, Our Future survey sent to households across the city showed strong public support for such a move. Mr Cull said the survey results and other feedback meant the community had “obviously signalled” its desire for a better service, beginning with a transfer of responsibility for the network, and “we’re considering it”. Preliminary discussions with ORC chairman Stephen Woodhead about a possible takeover had been under way for several months, Mr Cull said.

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Posted by Elizabeth Kerr

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Filed under Economics, People, Politics