Skip to main content

What advice has the Minister had, if any, on whether the 2% minimum rates increase level proposed in the Local Government (Rates Capping) Bill is "designed to be enough to cover maintenance" and mitigate council credit rating downgrades, as suggested in initial conversations with credit rating agencies?

Answered Question 39157 (2026)
Question published
Reply lodged
Bookmark

Asked by

Mike Davidson

List MP · Green Party

Question

  • What advice has the Minister had, if any, on whether the 2% minimum rates increase level proposed in the Local Government (Rates Capping) Bill is "designed to be enough to cover maintenance" and mitigate council credit rating downgrades, as suggested in initial conversations with credit rating agencies?

Answered by

Hon Simon Watts

Member for North Shore · National Party · Minister of Local Government

Answer

I am advised that officials had numerous conversations with credit rating agencies, the concerns of credit rating agencies has been considered in the design of the legislation.