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Wellington.Scoop » Can Wellington go bankrupt?

Summary by Ground News
Ian Apperley says the city is in the grip of a financial crisis. The short answer to whether or not the city can go bankrupt is no. It could simply keep increasing the rates to cover the problem spending. A year into the triennium the city, from the outside, looks like it is in trouble.

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Wellington.Scoop » Can Wellington go bankrupt?

by Ian Apperley It just seems to go from bad to worse for Wellington. It appears the city is in the grip of a financial crisis, something that a lot of us suspected. But the Council is about as opaque as it can get when it comes to questions about the state of its finances, […]

·Wellington, New Zealand
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scoop.co.nz broke the news in Wellington, New Zealand on Thursday, September 21, 2023.
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