Cities issue stark finance warning

By Heather Jameson | 29 October 2020

The Core Cities have written to the Government, warning they face Section 114 notices unless the gaps in funding are addressed.

They have called for more resources, greater use of capitalization and a three-year finance settlement.They have also urged the government to reform the Public Works Loan Board to provide lower interest rates for investment schemes, and higher rates for commercial schemes.

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