The Mike Hosking BreakfastThe Mike Hosking Breakfast

Tania Tapsell: Rotorua Mayor on the report that finds councils are sitting on $1.1 billion worth of art

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Rotorua's mayor believes councils are racking up hefty insurance bills looking after artwork in storage. 

A Taxpayers' Union report finds councils across the country are sitting on $1.12 billion worth of art. 

It finds more than 71 thousand art pieces are owned by local government, with only 33% of the works on public display. 

Mayor Tania Tapsell told Mike Hosking having it in storage is money on a balance sheet that could be invested elsewhere. 

She says the cost of insurance alone would be enough to deliver the hydro slides she wants for her community. 

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