Interesting. Always wondered why local councils didn't start their own "future funds", sounds like an obvious choice, instead of always pulling money from locals every year. So it's good to here Auckland is doing just that.
Singapore is a great example of where this has been a success. The largest share of the government’s income now comes from investment returns, and only set to continue growing
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Interesting. Always wondered why local councils didn't start their own "future funds", sounds like an obvious choice, instead of always pulling money from locals every year. So it's good to here Auckland is doing just that.
Singapore is a great example of where this has been a success. The largest share of the government’s income now comes from investment returns, and only set to continue growing