Infrastructure

Council debt cap to rise to three times income

The Wellington-run authority that borrows on behalf of councils has proposed their debt limit be raised from 2.5 times income to three times income, but some think this won't be enough, Dileepa Fonseka reports

The Local Government Funding Agency will put a major debt cap increase to a vote next month. The move will likely free up hundreds of millions of dollars for councils deal with many loo

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