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Phil T's avatar

For a mayor elected on the promise of bringing spending under control it seems fiscal responsibility has gone out the window in his haste to create a legacy. Looking more and more likely that the legacy will be crippling debt to pay for the dream list and the need to sell off the cities assets to fund the interest on the many loans.

But the mayor is already talking of a 35% rate increase to soften up ratepayers and when the real increase comes out at 10% he will be telling us all, look how much I have saved the ratepayers.

Smoke and mirrors?

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Gaire Thompson's avatar

I don't regard opening up Wachner Place as essential to add to the rates. Also rate payers should be made aware of what the multi miillions pumped into Invercargill Central is costing them in the form of interest alone.

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