Intergenerational Equity: Treatment of Infrastructure in Local Government Financial Planning
This paper considers how local government authorities plan and financially provide for infrastructure while considering the needs of current and future communities. In New Zealand the Local Government Act 2002 provides a base for local authority planning, which is articulated in the Long Term Council Community Plans (LTCCPs). Content analysis of the LTCCPs of five local authorities shows that generally local authorities are consciously making decisions about infrastructure with an awareness of intergenerational equity, with this being to a degree despite accounting information. There is also a large degree of consistency between local authorities, indicating the existence of good practice.