Bryan Pepperell - Back To The Future

• • Financial disaster ahead for Wellington's ratepayers- Bryan Pepperell speaks out

    • 28 May 2007
    • Bryan Pepperell - Back To The Future
    • Mayor Prendergast has recently stated .."The City has $5.8 billion worth of assets. Our debt is just 4 % of our total assets. Council has agreed to borrow up to $20 million a year to pay for new assets." This statement from Mayor Prendergast about the value of the city's assets in relationship to debt shows just why we are heading for a meltdown.
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