Category: Auckland Council Finances
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Why selling Auckland Airport shares is a silly thing to do
As part of the cost cutting Mayoral budget proposal Mayor Brown is recommending that Auckland Council divests itself of its airport shares. Currently it owns 266,328,912 shares, about 18% of the total shareholding. At current prices the shareholding is worth about $2.16 billion although such a large share sale would dilute the market. Thanks to…
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Press Release – Mayoral Budget proposal will affect Arts Environment and Community
The cuts proposed in the Mayoral Budget proposal will have a devastating effect on the Waitakere Ranges community. “Although the proposal is said to be a 5% reduction, because of the way it is calculated the Waitakere Ranges Local Board could see 8% of its funding cut. The cuts will mean that 60% of the…
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My Chair’s report for December 2022 – the Board’s goals, Council finances and the Arts
What the local board wants to achieve this term The following is the text from my speech to the inaugural meeting setting out what we want achieve this term: “Three years ago, I set out eleven different areas I wanted the Board to work on and I thought I would do the same this term.…
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How does Auckland Council’s budget compare to that of an ordinary household?
There are lots of shock horror claims about Auckland Council’s finances. But if you compare it to an ordinary household things are not as bad as some would make you think.