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. 

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