Nicola Young: Wellington City Councillor on the council's $500-600 million fiscal hole
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
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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