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Nicola Young: Wellington City Councillor on the council's $500-600 million fiscal hole
Manage episode 445450324 series 2098285
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.
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See omnystudio.com/listener for privacy information.
5855 つのエピソード
Manage episode 445450324 series 2098285
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
See omnystudio.com/listener for privacy information.
5855 つのエピソード
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