Sam Broughton: Local Government New Zealand President on the Government's decision to lift the debt cap for councils

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.  LISTEN ABOVE See omnystudio.com/listener for privacy information.