An internal review of assets does not represent a good picture for the Southland District Council. An internal review of the Southland District Council's assets reveal that they have been "sweated" for too long and possible rate hikes might be coming soon. John Hawkins/Stuff Southland District Council chief executive Steve Ruru. Council assets manager Matt Russell said that the longer you sweat assets on a cumulative basis, the more you're running a risk of creating a bow-wave of renewals and replacements showing up in a compressed time. The council is now preparing to start consulting on the state of its assets and the likely impact to fix them with communities in the new year.
Source: Stuff December 26, 2019 05:37 UTC