Isn’t it interesting what a little research will uncover? The KCDC annual report states that its total borrowings as at 30 June were $210 million. But the latest Local Government Funding Agency “Presentation to Investors” from last month here (pdf, 52 pages) shows on page 37 a significant jump in that figure only 2 months later to $225 million.
Has the KCDC made this massive increase in borrowing public? Silly question. What does the KCDC intend to increase its borrowing to? A good question.