12 May 2023

Analysis - Auckland Council budget woes

From Morning Report, 7:22 am on 12 May 2023

The announcement of Auckland Council's $325 million deficit has once again inflamed debate on whether to retain or sell the city's significant share holding in Auckland airport.

The Council is also facing $50 million in storm-related costs.

Auckland mayor Wayne Brown says without cuts or asset sales, residents would face a massive rates hike of 22.5 percent while some councillors say its scaremongering to justify the sale.

Senior writer at the NZ Herald, Simon Wilson, spoke to Corin Dann.

Simon Wilson

Photo: Supplied