Auckland Mayor Len Brown has six weeks to plug a $16 million hole in this year's budget and achieve the goal of holding household rate increases at 3.6 per cent.
The 3.6 per cent average rise for about 450,000 households has come about as a result of shifting $11.1 million of rates from business to household ratepayers. Businesses get no increase as a result.
Finance officers have recommended a range of options to fix the $16 million problem, including holding talks with Auckland Transport to consider options such as increasing parking prices and penalties.
At least the government has pushed back on the Mayor’s attempt to fast track the City Rail Loop. This one project could bankrupt the already debt laden city and Council still hasn’t shown the government how it will finance its half of the $3 billion deal.