Wednesday, January 30, 2008

Whose money?

The Dominion Post reports "Wellington City Council will plough $90 million of its own money into a Government-funded revamp of its dilapidated council flats"
Excuse me? Replace "its own" with "ratepayers'". Given 179,466 residents of Wellington city, and assuming one third are children, that means around $749 per adult resident being spent on the proposed council housing revamp.
Of course it could always sell them. After all, why should one of the local authorities with a reasonably above average citizen income be the second largest landlord in the country?

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