Auckland Council is planning to sell $244 million of properties and long-term concessions on car parks as part of its "emergency budget", which is being finalised today.
The sale, which includes 48 properties valued at $34.5m, was the first item before councillors as they work their way through the toughest budget in the 10 years of the Super City.
The sales will go some way to filling a $750m hole in the budget brought about by the impact of Covid-19. The drought crisis is responsible for $225m of the hole.
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The councillors are working towards a 3.5 per cent overall rates increase, which translates to a 4.4 per cent rates increase for households. Water charges are also expected to go up.