Submission
Which option do you prefer?
Option One – Council's preferred option – Sale of Aurora Energy
Further comment
I support Option 1. However, I do not support using the proceeds to create another diversified investment fund. Instead, I strongly support using all proceeds from the sale to pay down debt and thus reduce interest payments. Paying off debt is zero risk and the reduced interest payments are locked in from Day 1. Investing ratepayer's funds in the global share markets is risky and would generate, at best, a very small investment premium. Some years the returns will be negative. The City should only be investing in core services such as 3-Waters, roading, and rubbish collection.
Supporting information
No associated documents with this submission.
Submitter
Submission id number: 1038850
Submitter name:
GRANT HOWIE
Organisation