9 Jun 2023

Auckland Council budget meeting continues into day two

From Midday Report, 12:17 pm on 9 June 2023

Auckland councillors are back in a second day of meetings to sign off the city's budget, after a major concession from the mayor over the sale of airport shares.

The council failed to get to a vote on Thursday but Mayor Wayne Brown has a new proposal - selling just eight percent of the shares instead of the entire 18 percent.

It will mean more spending cuts and a rates hike of 7.7 percent - more than the rate of inflation.

RNZ reporter Finn Blackwell is at the meeting and speaks to Charlotte Cook.