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New Zealand's Parliament passed the first reading of the Auckland Future Fund Bill, aimed at securing the city’s financial future through smart investments.
The Auckland Future Fund Local Bill has passed its first reading in Parliament.
This long-term investment fund aims to improve Auckland's financial future by reducing reliance on rates and boosting infrastructure investments.
Managed with strict governance, requiring 75% Governing Body support to withdraw funds, it ensures investments benefit both current and future Aucklanders.
Dr. Carlos Cheung, MP for Mt Roskill, thanks Mayor Wayne Brown for the opportunity to sponsor the bill and looks forward to its benefits.
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El Parlamento de Nueva Zelanda aprobó la primera lectura del proyecto de ley del Fondo Futuro de Auckland, destinado a asegurar el futuro financiero de la ciudad a través de inversiones inteligentes.