Borrowing

Te Mino

We borrow to fund upgrades to our assets or to invest in new infrastructure. This allows us to spread the cost of funding this expenditure over multiple generations who will benefit from the investment.

Council debt is currently capped at a maximum of 175 percent of annual income over the 10-year plan and is expected to be 127 percent by the end of 2019/20 – the same as a household earning $75,000 a year having a mortgage of $105,000.


$690m

For 2019/20 total borrowings are forecast to be $689.6 million at the end of 2019/20, this equates to 127 percent of operating income.


$3,200 per resident

The forecast average borrowings per resident at the end of 2019/20 is $3,222.


Te Mino

We borrow to fund upgrades to our assets or to invest in new infrastructure. This allows us to spread the cost of funding this expenditure over multiple generations who will benefit from the investment.

Council debt is currently capped at a maximum of 175 percent of annual income over the 10-year plan and is expected to be 127 percent by the end of 2019/20 – the same as a household earning $75,000 a year having a mortgage of $105,000.


$690m

For 2019/20 total borrowings are forecast to be $689.6 million at the end of 2019/20, this equates to 127 percent of operating income.


$3,200 per resident

The forecast average borrowings per resident at the end of 2019/20 is $3,222.