News & Events

Annual Report 2015-16 now available

Wednesday October 5 2016

Palmerston North City Council’s latest annual report is now available online.

The Annual Report 2015-16 reports Council ended the financial year with a controllable surplus of $2,592,000. This contributed to an additional $6,521,000 being available for reducing debt on top of the budgeted $5,267,000 from rates-funded operations.

Projects underway or completed include those dedicated to earthquake strengthening, improving infrastructure, enhancing levels of service and improving future capability.

Council is financially sustainable and has retained its AA credit rating from Standard and Poor’s.