Sam Broughton: Local Government New Zealand President on the Government's decision to lift the debt cap for councils - The Mike Hosking Breakfast

Councils are celebrating the government's decision to lift the debt cap, allowing them to borrow more money. 

It follows an average 15% rates increase this year across the country. 

Local Government New Zealand President Sam Broughton told Mike Hosking that councils currently have two options - borrow or lift rates. 

He says they have to borrow more because residents can't afford to fund the infrastructure deficit councils are in. 

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