
Great deal or 'backslapping'? Council sells 7pc of Auckland Airport shares overnight
After contentious debate, Auckland Airport shares were sold overnight.
After contentious debate, Auckland Airport shares were sold overnight.
Aucklanders get a chance to live in guaranteed long-term rentals by Ellerslie Racecourse.
The homeowners were told to pay up on the $14,000 bill and ask questions later.
The cost of the rates relief is between $1.2 million and $3m.
Critics say the figures are eye-watering and troubling during a time of budget cuts.
The council previously funded all 10 Kauri Kids childcare centres across the region.
Owners of red- and yellow-stickered homes are still paying rates for properties.
OPINION: A councillor shares his misgivings over the sale of airport shares.
Mayor is disappointed at the biggest rates increase.
Households could have to pay $1000 more over two years.
Talks were 'tough, really tough', said Shane Henderson, who was seen with head in hands.
The vote passed 14 to 6 and will see millions of dollars of debt paid down.
Lot Fuli's alternative budget holds rates down and keeps the airport shares.
Today's the day: Councillors are voting on whether to sell the council's airport stake.
Ngāti Whātua Ōrākei has made a daring bid to buy the Ports of Auckland.
No one wants higher rates, says Mayor Wayne Brown.
Opinion: Our editorial on Auckland Council's decision on Thursday.
Staff blamed for acting in a 'fit of excitement'.
The mayor continues to dig a hole for himself, says councillor Mike Lee.
Opinion: Legendary rugby league coach 'Lowie' backs Mayor Wayne Brown's proposal.
Household rates will rise by the rate of inflation - 6.7 per cent.
Brown has threatened to reinstate deep cuts if the share sale does not proceed.
Minister investigated over accusations she misled Parliament, fire crews fight blaze in South Auckland and Wayne Brown lashes out on the eve of his final budget proposal, in the latest New Zealand Herald headlines. Video / NZ Herald
Opinion: A veteran Auckland councillor breaks ranks to oppose the sale.
Selling government assets isn't necessarily a bad thing.
Only 4 per cent of Aucklanders want higher rates, says Brown.
Opinion: Councillor claims undue haste and a lack of detail in share sale proposal.
The PSA says a cost of living crisis is not the time to be cutting jobs.
Mayor Brown has said a sale may be the only way to plug a $375 million budget hole.
Simon Wilson: Some ideas that might help the mayor's new budget plan.