Financial Crisis
Hamilton City Council’s debt is already tipped to be $1.2 billion this financial year (June 2025) and more than $2 billion and growing by 2029-30 - now it’s set to go even higher.
Cause
DEBT: $2 BILLION forecast and growing
RATES: Increases out of control (100% increase over 5 years)
Evidence
Waikato Times 28Apr25: Rates skyrocket in the Waikato region in 2025/26
RNZ 20Mar25: Cost of living: Older Kiwis cutting back on food to save money