When the Facts Change cover image

Mortgage rates, braking and accelerating

When the Facts Change

CHAPTER

Economic Challenges and Local Funding Needs

This chapter explores the financial difficulties encountered by local councils in New Zealand, focusing on the need for more funding to tackle issues like traffic congestion and infrastructure upkeep. It also examines how rising council rates and climate change impact insurance and exacerbate the cost of living crisis amidst challenging economic conditions.

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