Council finances in sound health

by Shelton on February 10th, 2015

filed under Finances

Council finances in sound health
Tuesday, 10 February 2015, 11:37 am
Press Release: Local Government NZ

Council finances in sound health but potential challenges in
future decades

Following the Local Government New
Zealand (LGNZ) funding review discussion paper released last
week, the New Zealand Local Government Funding Agency (LGFA)
has now completed its analysis of the most recent council
financial reports.

The LGFA confirms LGNZ’s
findings that while the local government sector is currently
in sound financial health, demographic changes mean there
could be challenges in future so financial sustainability
needs to be considered.

LGFA Chief Executive Mark
Butcher, who was also on the Working Group for the LGNZ
Local Government Funding Review, says strong financial
management is critical for the local government sector and
most councils are performing well.

“While the
funding review shows some current and future challenges and
the need to strengthen council financing, LGFA’s most
recent analysis shows the current financial health of the
sector is strong and has improved from the last review.
These improvements are supported by a sector-wide focus on
financial prudence and fiscal responsibility,” Mr Butcher
says.

“However, communities in New Zealand face
different economic and demographic pressures which calls
into question how to fund and maintain infrastructure and
delivery of services in future. Funding solutions need to
take account of these differences, and, in considering
solutions, an investment approach that ensures that funding
contributes to the long-term sustainability of communities
is warranted.”

Debt Consolidation USA Shares Saving Goals For 2015

by Shelton on February 10th, 2015

filed under Debt Consolidation

Debt Consolidation USA shared in a recently published article some of the best saving goals consumers can make for the year 2015. The article lays out some of the most consumer friendly saving targets that people can lay out to start the year right.

Philadelphia, PA (PRWEB) January 16, 2015

Debt Consolidation USA shared in a recently published article some of the best saving goals consumers can make for the year 2015. The article titled “5 Saving Goals To Start This Year” lays out some of the most consumer friendly saving targets that people can lay out to start the year right.

The article starts off by explaining that one of the most popular New Year’s resolutions involve increasing the savings amount. It is along the lines of paying off debts or buying something important. But sadly, not everyone is successful in following their resolutions. In most cases, people start working on their saving goals – only to fail after a few weeks or months.

For consumers that are still undecided on pinning down some financial goals, the article points out that putting together an emergency fund should be on top of the priority list. This is a great savings goal to help prevent consumers from getting further into debt especially when they come face to face with financial struggles.

The way it works is that the emergency fund can be used to cover the expense items on a budget when the income suddenly stops. This happens when the consumer gets fired or decided to pursue a different career. Depending on the amount of the emergency fund, it can cover payments for a few months until a steady source of income comes back.

The article also points out that starting to build the retirement fund can help consumers with their retirement goals. The earlier the retirement fund build up, the more proactive it can be because of compound interest. This is the reason why a lot of people are maxing out their 401(k) as much as they every year.

Maintenance and repair funds are also a great idea to target for the year. This is to be proactive with the maintenance of the cars and even home equipments but being prepared for any repairs that may be needed. To read the full article, click this link: http://www.debtconsolidationusa.com/personal-finance/5-saving-goals-start-year.html

For the original version on PRWeb visit: http://www.prweb.com/releases/savings_goal/for_2015/prweb12447379.htm