Local government cost index
In 2010 LGNZ commissioned BERL, the economics consultancy, to develop a local government cost index (LGCI) to identify the rate at which the costs facing local government were increasing, in other words a local government price index.
The LGCI is made up of a number of specific indexes that provide figures for operational and capital expenditure, such as the transport index, three waters index and the general goods and service index.
The index has been updated and shows the percentage change in the Local Government Cost Index for the year ended June 2011 was 2.34 per cent. Significant further increases are predicted for the next financial year driven largely by capacity and resource constraints caused by the Christchurch rebuild.
You can read the update here or view the original index here.
Updated 7 October 2011
