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;

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, 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

Advertisement