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AUGUST 1, <strong>2020</strong><br />
Homelink<br />
Action Plan to rescue Auckland from Covid-19 impact<br />
Phil Goff<br />
The impact of Covid-19<br />
on our City has been<br />
dramatic, with the full<br />
economic effects still to<br />
be felt.<br />
The good news is that, by<br />
working together, we stopped<br />
the community spread of the<br />
virus, saving potentially thousands<br />
of lives and preventing<br />
our hospitals from being<br />
overwhelmed.<br />
However, the economic<br />
cost of the virus, causing the<br />
lockdown and worldwide<br />
recession, is high, not least the<br />
effect on Auckland Council’s<br />
finances.<br />
Emergency Budget<br />
Council income has been<br />
slashed by nearly $500 million,<br />
meaning that we need to dramatically<br />
cut our expenditure.<br />
That is why the Council has<br />
had to pass an Emergency<br />
Budget.<br />
Since the budget went out<br />
for public consultation; on top<br />
of that we have also had to<br />
find a further $224 million to<br />
pay for new infrastructure to<br />
increase water supply.<br />
After this year’s worst-ever<br />
drought, the Met Service<br />
forecast is for a drier spring<br />
and summer, with the risk<br />
of severe water restrictions.<br />
Few in Auckland would<br />
question the need to make this<br />
If Auckland succeeds, rest of New Zealand will prosper (Auckland Council Picture)<br />
investment, so the money has<br />
to be found.<br />
The Emergency Budget is<br />
the most challenging budget<br />
Auckland Council has ever<br />
faced.<br />
We have had to balance<br />
the need to cut spending with<br />
the need to protect the vital<br />
services we provide for Aucklanders<br />
and keep as much<br />
as we can the investment we<br />
need to make in infrastructure<br />
to match future population<br />
growth.<br />
We cannot just borrow to<br />
pay for all of this. If we do<br />
not manage our finances<br />
prudently, we risk losing our<br />
credit rating, adding hundreds<br />
of millions of dollars in higher<br />
interest rates and putting<br />
the debt unfairly on future<br />
generations.<br />
Curtailing expenditure<br />
The first thing we did was to<br />
cut our spending.<br />
Staffing has already been<br />
cut, with over 600 temporary<br />
and contract workers going.<br />
Another 500 permanent jobs<br />
will also be lost. Any non-essential<br />
services have had to be<br />
cut back.<br />
The Council must become a<br />
smaller and leaner organisation<br />
that does more with less.<br />
Council spending has been cut<br />
by more than $200 million.<br />
Secondly, we will sell<br />
surplus property to the value<br />
of around $220 million and<br />
use that capital to avoid<br />
cutting infrastructure projects.<br />
There is no better time than a<br />
recession to spend money on<br />
building for the future, while<br />
stimulating economic recovery<br />
and creating new jobs in the<br />
construction industry.<br />
Infrastructure investment<br />
By careful management of<br />
our budget, we will invest this<br />
year over $2.2 billion in new<br />
infrastructure, more than<br />
the average of $1.6 billion<br />
spent annually over the past<br />
five years.<br />
And while some services<br />
have had to be trimmed<br />
back, we will continue to<br />
provide critical and valuable<br />
council services like public<br />
transport, libraries and<br />
community facilities, parks<br />
and playgrounds, and waste<br />
and recycling services.<br />
The loss of nearly $500<br />
million in income is the<br />
equivalent of a rates cut of<br />
around 28%.<br />
As a result, we will need<br />
to leave in place an average<br />
general rates rise of 3.5%, as<br />
originally announced. While<br />
we would have liked to cut<br />
that, the cost in terms of lost<br />
services and infrastructure<br />
was too great.<br />
Rates increase<br />
The difference between<br />
a 2.5% and a 3.5% rates<br />
increase for the owner of a<br />
$1 million property paying<br />
the average general rate<br />
is around 47 cents a week<br />
more for the higher rate.<br />
The lower rate would,<br />
however, have slashed<br />
spending by another<br />
$17 million and cut our<br />
investment in infrastructure<br />
by $60 million.<br />
Instead of a general<br />
● First Home<br />
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For all your home loan and insurance needs talk to us...<br />
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03<br />
rates cut, we have targeted<br />
support to those facing real<br />
hardship because of Covid-19,<br />
putting aside $50 million<br />
to allow postponement<br />
of rates without penalty.<br />
It was a tough budget to<br />
put together, but in the end<br />
all 21 local boards and the<br />
overwhelming majority of<br />
Councillors came together<br />
to agree on a budget that<br />
best serves the people of<br />
Auckland, now and for the<br />
future.<br />
Phil Goff is Mayor of Auckland.<br />
He writes a regular column in<br />
Indian Newslink<br />
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