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Airport shares remain sticking point in city's Budget debate
Morning Report
English - June 08, 2023 18:45 - 3 minutes - 3.01 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Auckland councillors will have another go today at signing off the city's controversial budget after a major concession from the Mayor over the sale of airport shares.
The council failed to get to a vote yesterday but Wayne Brown has a new proposal - selling just eight percent of the shares instead of the entire 18 percent.
It'll mean more spending cuts and a rates hike of 7.7 percent - more than the rate of inflation.
It's unclear whether the compromise is enough.
Emma Stanford has the story