30 Nov 2023

Councillors accuse Auckland mayor of stripping city of assets to create Auckland Future Fund

From Morning Report, 8:08 am on 30 November 2023

Some Auckland councillors say the mayor Wayne Brown is proposing to strip the city's assets to create his multi-billion-dollar Auckland Future Fund. 

The fund would made up of money from leasing the city's port operations, and a "proposed contribution of the Auckland International Airport (AIA) shares". 

Brown says having the fund would take disaster proof income streams for the council.

Auckland councillor John Watson spoke to Ingrid Hipkiss.