Watch: Dunedin City Council meeting

Watch full coverage of today's Dunedin City Council meeting starting at 10am. 

Councillors will debate whether to increase the council's debt limit.

It's $350 million at the moment, but that is not expected to be enough to allow the council to carry out its capital spending programme for the next 10 years.

Capital spending projections by the Dunedin City Council will have to be rethought if councillors stick to a debt limit of $350 million.

The option recommended by council staff is that the debt limit is calculated as a percentage of revenue each year.

That could provide the council with more wiggle room.

Sticking with a set cap, but with incremental increases over the next 10 years, is another possible approach.

Councillors have to consider what approach to take concerning debt before developing the 2021-31 10-year plan.

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