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Home / Rotorua Daily Post

Letters: Council debt transparent

Rotorua Daily Post
20 Nov, 2017 07:30 PM2 mins to read

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Harry Brasser's comments on my letter of November 12 misrepresent everything that I have said.

I did not give a "fine rating" to our council. The credit rating agency Fitch did. I did not talk about "transparent reporting and financial disclosure". Again, I was simply quoting Fitch, whose words they are.

He insinuates that our council tried to hide the costs of legal representation from us. Perhaps he should consider that that information was subject to a confidentiality agreement between council and a litigant, and so needed a LGOIMA request to have it released. By the way, has the litigant, a frequent fighter against council spending, decided to pay it back I wonder?

Harry Brasser is correct, he and I do not need an accountant to comment on what our city debt will be. That is easily found in our annual plan, a prime example of how Fitch came to their conclusions; the "transparent reporting and financial disclosure" of our council.

[ABRIDGED]
JOHN PAKES
Ngongotaha

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