Three prominent Wellingtonians are so worried about the city council’s finances that they’ve paid for independent experts to take a look at the books.
The resulting economic analysis suggests the council could be facing a $1 billion funding gap in unbudgeted costs and is on track to breach its debt covenants.
At the same time Wellington City Council will today vote on whether to pour up to a further $147 million into the Town Hall strengthening project - a situation that’s prompted one councillor to ask on social media for a “wayback machine to avoid this sh*t show”.
New Zealand Herald Wellington Issues Reporter Georgina Campbell joins Nick Mills to discuss.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.