Now Auckland facing a $1b shortfall in next 3 years

Wed, 11 Nov 2020

Auckland Mayor Phil Goff has painted a dire picture of the next few years, saying the council now expects its finances to blow out to the tune of $1 billion by 2024, double the $450 million shortfall expected for the current financial period.Responding to the latest forecasts under the city's new 10-year plan, Goff said while the economic picture was “looking better than was anticipated back in March and April,” the covid-19 pandemic will continue to impact heavily on council income. This is due to about two thirds of its return...

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