One of the items on the agenda of the council meeting for this Thursday is a recommendation that the council not proceed with this plan. pdf
” There has been some level of concern raised in the community and with elected members about the level of risk associated with the investment funds, particularly given that in the financial markets currently there is a level of uncertainty around the equity markets.”
No doubt the Councilors will be pleased to give this recommendation their rubber stamps — even the notion’s previously aggressive supporters — after the revelation that they could be personally liable for losses.
How can you make a statement like ‘no doubt the councilors will be pleased to give this recommendation their rubber stamps’ when you are well aware that at least one councilor, Me has publicly stated 5 months ago, that I will not be supporting this $30 million borrowing. You are not only irresponsible, but you are happy to directly mislead the public by omission rather than give credit where credit is due. “Not letting the facts get in the way of a good story eh Geoffrey”.
What is inaccurate about that sentence?
This whole issue only came to the public’s attention because of Guy Burns with his media release last August (see our post of 18 August). You made no statement about it at the time, or at least you sent us nothing.
But I did make a public statement about it. Spoke on it in council, responded to letters to the editor, responded to articles on this media outlet. In particular, and the online newspapers. Not my fault the local free weeklies prefer not to print editorial that councilors write if that’s where you are looking for your news.
Actually the KN and KO aren’t major news sources for us, we reply much more on informers and what the council puts on its website. We did post your statements up to the 2016 elections, but since then you’ve sent us nothing. In one comment you even stated that you hadn’t looked at our blog for 6 months!
Knowing that I have already publicly voiced my opposition to this borrowing proposal how can you justify making that statement and omitting to say that you are already aware of one councilor who is against it. Or is that just not newsworthy to you?
Being in a minority of one doesn’t help much as both you and David Scott have found out. There needs to be a majority on the board of directors of the Kapiti Coast District Corporation. At best you’re a lone voice of dissent and nothing more; at worst you’ll be turned on, vilified and ostracized. Again both you and David Scott have found that out.
Is not the instigator of the plan one who aspires to be the future mayor of this indebted paradise? “course it would help if he managed to hold on to his seat this coming time round which as rates charges grow forever higher is quite debatable.
Steve, you are not wrong. It will be an interesting discussion tomorrow (Thursday 24th) I simply don’t think they have a fall-back plan, except an increase on the planned rates increase. Watch this space.