Of course it will affect rates

February 20, 2009

The Auckland Regional Council lost $1.79m when too few people turned up to a football game but:

Mr Winder said the ARC was determined the loss would not have any effect on rates or ratepayers.

How can this be?

It’s not just money spent directly by the council which affect rates and ratepayers.

A loss for the council’s business unit is money not available for other projects which directly or indirectly impacts on the council budget and the people who fund it.

%d bloggers like this: