Why Ratepayers Much Better Off If TCDC Opts Into Three Waters Proposals

Thames Coromandel District Council has $89 million in three waters debt, the highest water charges, woeful non-compliance with the drinking water standard and three-waters resource consent conditions and 53% of properties suffer unplanned outages.  These are just some of the reasons why TCDC would be crazy to turn down the $19 million government assistance package and reform proposals, have this huge debt written off their balance sheet, and ensure much lower future costs for their ratepayers. 

Three Waters Debt

For a small local authority TCDC has one of the highest levels of three waters debt in the country – $89 million

Three Waters Charges

TCDC has the second highest charges for three waters in the country – $2250 per annum

Drinking Water Standard Non Compliance

Most TCDC community drinking water supplies have failed to meet the drinking water standard

Resource Consent Non Compliance

TCDC has five three waters infrastructure which have current abatement notices issued by Waikato Regional Council for non-compliance with resource consent conditions – the worst performing Council in the Waikato region. Many waste water plants have been non-compliant for years.

Unplanned Outages

53% of properties within Thames Coromandel District have suffered unplanned outages – one of the highest in the country.

Estimated Annual Costs to Ratepayers Without Reforms

The Government estimates that without reforms TCDC ratepayers would have annual three water charges of approximately $5450 by 2050

Estimated Annual Cost to Ratepayers With Reforms

The government estimates that with reforms TCDC ratepayers would have annual three water charges of approximately $1220 by 2050

Better Borrowing Capacity For Councils With Reforms

With $89 million of debt written off TCDC will have greater capacity to borrow for other projects which improve the well being of their communities.

Government Assistance

Apart from writing off $89 million in debt from Council balance sheets, TCDC would receive a financial package of $19 million to help the Council shift to a wellbeing mandate that should include climate change, housing, urban design and community wellbeing.

3 thoughts on “Why Ratepayers Much Better Off If TCDC Opts Into Three Waters Proposals

  1. totally agree, also the drinking water quality is really bad, it worries me the high chlorine content you can taste it and smell it

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  2. What are you going to do to stop privatization of the 4 water entities further down the track ?This is what happened with the SOEs under the 1987 Labour Government. The Does such as NZ Rail and Telecom were promised not to be privatised (even going as far as a Kiwi Share for Telecom) – and yet within 3 years they were all fully privatised.How do you propose to stop the same thing happening with water entities – given that the ownership of water assets is already forming the battleground overseas ?Cheers Benjamin Dunbar-SmithSent from my Samsung Galaxy smartphone.

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    • This government is not like the 1987 version and has committed to not privatise. If it did that would be political suicide. I would concentrate on the benefits to ratepayers in the here and now. For them the evidence is overwhelming they would be hugely better off. Lower rates, far stronger council balance sheet to do other great stuff to improve wellbeing, safer drinking water and less env degradation. What is not to like?

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