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flag New Zealand completes water reform, with councils investing $47.9B in infrastructure and creating 9,000 jobs, but a rate cap sparks economic concern.

flag New Zealand has completed its Local Water Done Well reform, with all 67 councils finalizing water service plans—76% of the population will be served by council-controlled water organizations. flag Councils will invest nearly $9 billion more in water infrastructure over the next decade, totaling $47.9 billion, to address decades of underinvestment and comply with regulations. flag The reform, achieved in under two years, is expected to create about 9,000 jobs. flag However, a proposed 2% to 4% cap on council rate increases starting in 2027 has drawn criticism from economists who argue it is inconsistent with the central government’s unchecked spending, warning it could force cuts to essential services despite rising infrastructure costs.

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