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3 Jan 2026 7:12
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  •   Home > News > Business

    An Auckland councillor says the Council's done too much spending, and not enough selling

    An Auckland councillor says the Council's done too much spending, and not enough selling


    Mayor Wayne Brown is putting forward two options for the Port of Auckland in his proposed 10-year budget, which also includes a possible rates rise of 7.5 percent.

    He suggests either keeping the business and gradually releasing land for public use, or selling the operating lease to raise up to three-billion-dollars.

    Councillor Wayne Walker says they haven't been getting the money to fund the cost of growth.

    He says Auckland developments cost a lot in infrastructure and over time they haven't had the money they should have.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     03 Jan: Tesla has lost its title as the world's best-selling electric vehicle maker
     02 Jan: Horowhenua District Council's providing financial assistance for locals impacted by last Sunday's severe weather
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     02 Jan: Authorities are working to get to the bottom of a major cyber security breach which may have exposed the personal health data of tens of thousands of Kiwis
     01 Jan: Major electricity companies are taking a big step today, towards protecting national energy security
     01 Jan: Hopes the new vocational education model kicking in from today will put industry in the driver's seat
     01 Jan: New agreements take effect today - for a strategic coal reserve stockpile at Huntly Power Station
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     Today's News

    Basketball:
    An efficient shooting night from Tall Blacks guard Flynn Cameron has propelled the Adelaide 36ers to an 85-79 win over the Sydney Kings in NBL basketball action 7:06

    Business:
    Tesla has lost its title as the world's best-selling electric vehicle maker 6:27

    Accident and Emergency:
    A person has serious injuries after a two vehicle crash in Northland's Cove Road in Waipu this evening 21:56

    Law and Order:
    Two men and two teenage boys have been apprehended after an aggravated robbery, and an over 100 kilometre chase in Thames 21:16

    International:
    Donald Trump gave a wide-ranging interview about his health. Here's what we learned 19:56

    Business:
    Horowhenua District Council's providing financial assistance for locals impacted by last Sunday's severe weather 18:56

    Environment:
    Crans-Montana ski resort fire witnesses recall how the tragic blaze unfolded 18:46

    Environment:
    Parts of the North Island should brace for thunderstorms tonight 18:36

    International:
    Walking with Moai: Unlocking the mysteries of Easter Island stone statues 18:07

    Soccer:
    The Wellington Phoenix are striving to keep calm as their tough season approaches make-or-break time 18:06


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