This is the submission that I made on the Timaru District Council's 2011 Draft Annual Plan:
Submission on Timaru District Council Draft Annual Plan (DAP) 2011-2012
I would like to thank that Timaru District Council for giving me an opportunity to make a submission on the Draft Annual Plan (DAP). I feel that that Council has not yet given adequate thought to some key areas of the DAP and I urge Members of the Council to give the items below more than just a fleeting glance.
It is unfortunate that Councillors on the Timaru District have a very strong feeling around what rates the community can afford while they seemingly have little understanding of the effects of increasing Council debt will have on the future of the District.
Council Debt must be Controlled
The Council has widely publicised that General Rate rise has been pegged back from the forecast rise of well over 8% to a value of 5.8% in the DAP. Planned and deferred expenditure has also been covered well, but what hasn’t received any scrutiny is the proposed change to debt levels.
I would like to pay particular attention to the Council's planned Debt/Asset ratio, as this is a both a reasonable tool to indicate Council's solvency position over time and as a measure of the Council’s performance against other District Councils in New Zealand. More...