The money is earmarked to replace more than 50% of ratepayer funding for Ateed.
"What happens to the poor investor that is hooked under a long-term hotel lease ( eg Waldorf that rents apartments) with the investor having a triple increase in the rates with no corresponding change in the hotel lease payment?"
The agency says the biggest risk to the economy is no longer low dairy payouts but, instead, unsustainable house prices.
Household balance sheets may still be stretched but the government is in a much stronger position than 2011. Compare that to Australia who continue to run deficits with no political will to change that.