Auckland Council's Emergency Budget
29 May 2020
The Covid-19 pandemic has placed enormous pressure on our governing body, Auckland Council, with a forecast $525 million reduction in revenue next year.
The council has released a revised 2020-21 emergency budget for consultation.
This ‘Emergency Budget’ proposal has a significant impact on Panuku’s capital and operating budgets and includes a request from the council that Panuku contribute to a significantly increased target for asset sales.
More information on the council’s proposal is available at akhaveyoursay.nz/emergency-budget. Panuku’s budget for the 2020-21 financial year will be confirmed by the council at the end of July.