9 Jun 2023

Akl Council votes to sell 7% airport shares in watered down bud

From Checkpoint, 5:14 pm on 9 June 2023

Auckland councillors have voted through a budget that will see it sell seven percent of its stake in Auckland Airport in a deal that's pleased pretty much none of them.

After two days of often heated debate, councillors voted 14 to six in favour of a watered-down version of Mayor Wayne Brown's initial proposal to sell council's entire 18 percent shareholding.

The sale will help plug the council's 365 million dollar budget hole, but also comes with a rates rise, cuts to local boards and other council cost saving. Our reporter Finn Blackwell was there to see the fireworks.