There's confusion over the size of Wellington City Council's fiscal hole. 

The council is scrambling to fill a $400-600 million shortfall in its 10 year budget to mitigate its insurance risk, amid threats of Government intervention. 

But Councillor Nicola Young told Mike Hosking the council doesn't have a clue how much money it actually needs. 

She says they've been told by council officers figures like $200, $400, and $600 million, so the council is aiming to find $500 million. 

LISTEN ABOVE 

There's confusion over the size of Wellington City Council's fiscal hole.&nbsp;
The council is scrambling to fill a $400-600 million shortfall in its 10 year budget to mitigate its insurance risk, amid threats of Government intervention.&nbsp;
But Councillor Nicola Young told Mike Hosking the council doesn't have a clue how much money it actually needs.&nbsp;
She says they've been told by council officers figures like $200, $400, and $600 million, so the council is aiming to find $500 million.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Nicola Young: Wellington City Councillor on the council's $500-600 million fiscal hole

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4629f45f-56a0-43ae-9b46-b20b01393f0a/transcript

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. 

 

The America's Cup and Spanish tourism: 7/10 

Despite the protests and locals telling everyone to go home, more people than ever showed up. 

 

Wellington City Council: 1/10 

Now that is a scandal. 

 

The Local Government Minister: 4/10 

He has to act, given he's pulled the trigger and made the threat. Reputationally, you can't go round threatening people then doing nothing. 

 

Luxon: 4/10 

Out of touch, according to the poll. It's not that he ain’t okay, I think it's really just because he isn't John Key. It's a looooong shadow. 

 

The Solicitor General and her prosecution guidelines: 2/10 

Doing exactly the opposite of what the Government wants. Explain that. 

 

Liam Lawson: 8/10 

Right up there in terms of debut expectations. Love it or not, F1 is the pinnacle and it’s a truly global event and we are once again flying our flag through a brilliant talent we wish all the very best. 

 

LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW 

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.&nbsp;
&nbsp;
The America's Cup and Spanish tourism: 7/10&nbsp;
Despite the protests and locals telling everyone to go home, more people than ever showed up.&nbsp;
&nbsp;
Wellington City Council: 1/10&nbsp;
Now that is a scandal.&nbsp;
&nbsp;
The Local Government Minister: 4/10&nbsp;
He has to act, given he's pulled the trigger and made the threat. Reputationally, you can't go round threatening people then doing nothing.&nbsp;
&nbsp;
Luxon: 4/10&nbsp;
Out of touch, according to the poll. It's not that he ain’t okay, I think it's really just because he isn't John Key. It's a looooong shadow.&nbsp;
&nbsp;
The Solicitor General and her prosecution guidelines: 2/10&nbsp;
Doing exactly the opposite of what the Government wants. Explain that.&nbsp;
&nbsp;
Liam Lawson: 8/10&nbsp;
Right up there in terms of debut expectations. Love it or not, F1 is the pinnacle and it’s a truly global event and we are once again flying our flag through a brilliant talent we wish all the very best.&nbsp;
&nbsp;
LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW&nbsp;

Mark the Week: Liam Lawson was up there in terms of debut expectations

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/eeb88cf8-9453-486f-8f91-b20c01683703/transcript

Americans seem to love New Zealand wine. 

Grafton-based Invivo was flying off US shelves, selling more than 40,000 cases of sauvignon blanc in 2024 alone.  

It’s set to be on show in Times Square at an exclusive wine exhibition this week, run by Wine Spectator.  

Co-founder Tim Lightbourne told Mike Hosking that both New Zealand wine and sauvignon blanc are growing as categories in the US market. 

He said that wine as a whole is relatively flat and driven by cabernets and chardonnays, so there’s room to NZ sauvs to grow.  

LISTEN ABOVE 

Americans seem to love New Zealand wine.&nbsp;
Grafton-based Invivo was flying off US shelves, selling more than 40,000 cases of sauvignon blanc in 2024 alone. &nbsp;
It’s set to be on show in Times Square at an exclusive wine exhibition this week, run by Wine Spectator. &nbsp;
Co-founder Tim Lightbourne told Mike Hosking that both New Zealand wine and sauvignon blanc are growing as categories in the US market.&nbsp;
He said that wine as a whole is relatively flat and driven by cabernets and chardonnays, so there’s room to NZ sauvs to grow. &nbsp;
LISTEN ABOVE&nbsp;

Tim Lightbourne: Invivo Co-founder on the success of the wine in the US markets

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8ef76fc6-9bc5-4b60-a54a-b20c01606e08/transcript

It’s the beginning of a new era of football in New Zealand. 

Auckland FC is set to kick off their A-League career tomorrow at Mt Smart Stadium, backed by big names in the industry. 

Bill Foley, Ali Williams, Anna Mowbray, and more recently, Steven Adams, have put their money behind the team. 

CEO Nick Becker told Mike Hosking that the team is super ambitious, and while he won’t say straight away that they’ll win, it’s what they’re intending to go out and do.  

He said that they’ve invested in the team, and it’s come together really well. 

LISTEN ABOVE 

It’s the beginning of a new era of football in New Zealand.&nbsp;
Auckland FC is set to kick off their A-League career tomorrow at Mt Smart Stadium, backed by big names in the industry.&nbsp;
Bill Foley, Ali Williams, Anna Mowbray, and more recently, Steven Adams, have put their money behind the team.&nbsp;
CEO Nick Becker told Mike Hosking that the team is super ambitious, and while he won’t say straight away that they’ll win, it’s what they’re intending to go out and do. &nbsp;
He said that they’ve invested in the team, and it’s come together really well.&nbsp;
LISTEN ABOVE&nbsp;

Nick Becker: Auckland FC CEO ahead of their first A-League match

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3bba4c8d-2251-4368-b88a-b20c01591a95/transcript

Nicola Young: Wellington City Councillor on the council's $500-600 million fiscal hole

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