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"We haven't got a plan": Wellington City Council struggles to fill fiscal hole

Author
Newstalk ZB,
Publish Date
Thu, 17 Oct 2024, 8:00am
Photo / Mark Mitchell
Photo / Mark Mitchell

"We haven't got a plan": Wellington City Council struggles to fill fiscal hole

Author
Newstalk ZB,
Publish Date
Thu, 17 Oct 2024, 8:00am

There's confusion over the size of Wellington City Council's fiscal hole. 

The council is scrambling to fill a $400-600 million shortfall in its 10 year budget to mitigate its insurance risk, amid threats of Government intervention. 

But Councillor Nicola Young told Mike Hosking the council doesn't have a clue how much money it actually needs. 

She says they've been told by council officers figures like $200, $400, and $600 million, so the council is aiming to find $500 million. 

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