39157 (2026). Mike Davidson to the Minister of Local Government

39157 (2026). Mike Davidson to the Minister of Local Government: What advice has the Minister had, if any, on whether the 2% minimum rates increase level proposed in the Local Government (Rates Capping) Bill is "designed to be enough to cover maintenance" and mitigate council credit rating downgrades, as suggested in initial conversations with credit rating agencies?

Hon Simon Watts: I am advised that officials had numerous conversations with credit rating agencies, the concerns of credit rating agencies has been considered in the design of the legislation.