Palmerston North City Council has assets of just over $1 billion. It is estimated that there are currently around 28,000 ratepayers in the city. This means every ratepayer has an investment of over $35,000 in Palmerston North.
Manukau City has recently quantified the investment their residents have. “Most would agree if they had $20,000 invested in any company they would certainly be interested in the decisions being made and the board that represents their interest,” Manukau Electoral Officer John Skelton said.
