Three prominent Wellingtonians are so worried about the city council’s finances that they’ve paid for independent experts to take a look at the books.

The resulting economic analysis suggests the council could be facing a $1 billion funding gap in unbudgeted costs and is on track to breach its debt covenants.

At the same time Wellington City Council will today vote on whether to pour up to a further $147 million into the Town Hall strengthening project - a situation that’s prompted one councillor to ask on social media for a “wayback machine to avoid this sh*t show”.

New Zealand Herald Wellington Issues Reporter Georgina Campbell joins Nick Mills to discuss.

LISTEN ABOVE 

Three prominent Wellingtonians are so worried about the city council’s finances that they’ve paid for independent experts to take a look at the books.
The resulting economic analysis suggests the council could be facing a $1 billion funding gap in unbudgeted costs and is on track to breach its debt covenants.
At the same time Wellington City Council will today vote on whether to pour up to a further $147 million into the Town Hall strengthening project - a situation that’s prompted one councillor to ask on social media for a “wayback machine to avoid this sh*t show”.
New Zealand Herald Wellington Issues Reporter Georgina Campbell joins Nick Mills to discuss.
LISTEN ABOVE

Wellingtonians now have the chance to discuss the issues of the day one-on-one with proud local Nick Mills and have a forum to share their ideas, passions and outrages on a daily basis.

You don't find many people more passionate about the capital than Nick, and he comes to Wellington Mornings after decades of success as the man behind some of the city's leading hospitality and entertainment offerings - Spruce Goose, Hummingbird and the Wellington Saints basketball team just to name a few.

Nick's proud of his city but also knows much can be improved on to make Wellington an even better place, and brings an honest, edgy, fun and engaging show to Wellingtonians each weekday from 9 'til midday.

Wellingtonians now have the chance to discuss the issues of the day one-on-one with proud local Nick Mills and have a forum to share their ideas, passions and outrages on a daily basis. You don't find many people more passionate about the capital than Nick, and he comes to Wellington Mornings after decades of success as the man behind some of the city's leading hospitality and entertainment offerings - Spruce Goose, Hummingbird and the Wellington Saints basketball team just to name a few. Nick's proud of his city but also knows much can be improved on to make Wellington an even better place, and brings an honest, edgy, fun and engaging show to Wellingtonians each weekday from 9 'til midday.

Wellingtonians now have the chance to discuss the issues of the day one-on-one with proud local Nick Mills and have a forum to share their ideas, passions and outrages on a daily basis.