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Tauranga Mayor seeks law to protect $3B regional fund from political interference.
Tauranga Mayor Mahé Drysdale is calling for legislation to protect the Bay of Plenty Regional Council’s $3 billion investment fund from political influence.
He argues that separating investment decisions from elected officials is necessary to ensure long-term returns and asset independence.
While the regional council considers restructuring options, the Tauranga City Council supports legal safeguards similar to those protecting New Plymouth’s fund, with final decisions expected in June.
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El alcalde de Tauranga busca una ley para proteger el fondo regional de $ 3B de la interferencia política.