While the Nelson City council's LTCCP is an outright financial disaster for the city, it now appears that it is a negligent and or incompetent disaster to boot.
The legislatively required and fundamental purpose of an LTCCP, is to notify and inform the ratepayers of the detailed financial implications and consequences of the councils intentions.
While Council is proposing to triple debt, triple interest payments, double the rate take, and geometrically increase the rates ratio burden to a massive 65%, it has just admitted that it has not commissioned, sought, taken, or received any advice as to the financial or economic implications and consequences of those highly imprudent intentions.
This staggering admission is an open acknowledgement that council has flagrantly ignored and abrogated its legislated fiscal obligations and responsibilities and that blatant ignoring of its fiduciary duties, whether by ommission or commission, can only be classified as negligent or incompetent or negligent incompetence.
If this council does not know, or want to know, or understand, the fraught consequences of its proposed actions and intends pushing on in the face of ignorance of those disastrous implications, then it must be sacked and removed from office, and a commissioner appointed in its place.
The very first action of that commissioner, must be to revoke this ruinous LTCCP and put a prudent financial plan in its place.
This LTCCP is a financial catastrophe, that must be stopped in its tracks.
About Me
- pinocchio
- This blogspot is born out of a deep democratic concern about the continual political spin and the outright manipulation and suppression of information by local government and local media. In my view that rampant disinformation has become so extreme that it can only be considered grossly deceptive. This blogspot attempts to provide some balancing transparency to that situation. Hopefully it might even help keep the "buggers" honest.