Wellington City Council sticking to its guns despite calls to borrow more

KEVIN STENT/Stuff
Calls are growing for Wellington City Council to increase its borrowing cap to fix mounting infrastructure costs, but the council says it has already increased forecast spending and needs to leave some headroom. (File photo)
Wellington City Council is sticking to its guns over its proposed borrowing cap despite growing calls for it to spend more in the face of mounting infrastructure costs.
The council is proposing to lift its self-imposed debt cap by 50 per cent from July, as it looks to fund major infrastructure costs, including a $2.7 billion water infrastructure bill, a one-third share in the $6.4b Let’s Get Wellington Moving (LGWM) transport programme, and a $179 million central library rebuild.

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