The future looks challenging for residents of Hastings, who are facing a series of significant rate increases that could compound to approximately 65% over the next four years. Nick Stewart, CEO and Financial Adviser at Stewart Group, addressed this issue in his recent Canny View article: Hastings District Council: Time for Fiscal Prudence
In this episode of The Adviser Talk, Nick sits down with Councillor and mayoral candidate Marcus Buddo, who has a background in economics, to discuss the Hastings District Council's increasing debt and the mounting burden on ratepayers.
Marcus believes it's time to carefully examine council spending and concentrate on the essentials. During the podcast, they also talk about his vision for a Hawke's Bay where people can thrive.
If you want to learn more about his campaign and the financial challenges facing Hastings, be sure to check out the full podcast.
⏰ Important time-stamps
(01:01) Introduction.
(01:41) Does the public engage with Marcus on fiscal matters?
(04:07) Discussion on Nick's recent Canny View article about the Hastings District Council's spending.
(07:08) How do we make rates more affordable?
(09:52) Council spending and fiscal prudence.
(11:30) Discussion about the Frimley Pool & operational spending.
(13:25) Marcus believes there should be "no sacred cows."
(14:36) More about Marcus Buddo.
(18:24) Priorities if elected as mayor.
(21:22) Besides tourism, what other initiatives could help grow Hastings?
(22:59) Vision for Hawke's Bay's future
The Adviser Talk is available on all popular streaming platforms, including Spotify and Apple Podcasts.
- Nick Stewart is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance & KiwiSaver solutions.
- The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz
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