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.
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.
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.