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Taupō’s $86M Fund in Peril | Auckland News
Taupō’s $86 million community fund, born from 1995 electricity asset sales, hangs in the balance as the council faces potential dilution if merged into a new Western Unitary Authority. Mayor John Funnell warns that without safeguards, Taupō could lose control over its vital resources, unlike neighboring districts like South Waikato that already protect their funds through dedicated trusts. Though not seeking merger, Taupō is now scrambling for legal advice to shield its assets — managed externally and currently well-regarded — ensuring future generations benefit, not just from broader…
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