ISSUE
Friday, August 22, 2025
Volume 16 . Issue 73
Annual budget plan for 2014/2015 has been adopted by Auckland Council, which outlines the council’s plans for the next financial year as well as its investments and financial policy.
The plan details the organisation’s proposed budget, activities and investment programme for the next financial year, including an average rate increase of 2.5 per cent. It also includes local board agreements that highlight each of the board’s local priorities, projects and advocacy issues.
The council plans to invest $1.15 billion in new and improved assets, including:
• $215m to purchase further electric trains and $70m to progress the City Rail Link
• $97m to invest in local and sports parks
• $23m to continue development of new libraries in Massey North, Te Atatu Peninsula, Devonport, Flat Bush and Otahuhu
• $23m to upgrade town centres, including New Lynn, Westgate, Mangere Mt Albert and Pukekohe.
As well this, Annual Plan included $183 million of efficiency savings to be achieved across council.
The average rates increase for the 2014/2015 financial year has reduced from an average of 4.9 per cent (as projected in our 10-year long-term plan) to an average of 2.5 per cent, which is an average increase of 0.1 per cent for businesses and 3.7 per cent for residents.
Other key decisions include providing funding on a one-off basis for a “trial” annual arts festival in 2016, rather than one held every two years.
Annual budget plan for 2014/2015 has been adopted by Auckland Council, which outlines the council’s plans for the next financial year as well as its investments and financial policy. The plan details the organisation’s proposed budget, activities and investment programme for the next financial...
Annual budget plan for 2014/2015 has been adopted by Auckland Council, which outlines the council’s plans for the next financial year as well as its investments and financial policy.
The plan details the organisation’s proposed budget, activities and investment programme for the next financial year, including an average rate increase of 2.5 per cent. It also includes local board agreements that highlight each of the board’s local priorities, projects and advocacy issues.
The council plans to invest $1.15 billion in new and improved assets, including:
• $215m to purchase further electric trains and $70m to progress the City Rail Link
• $97m to invest in local and sports parks
• $23m to continue development of new libraries in Massey North, Te Atatu Peninsula, Devonport, Flat Bush and Otahuhu
• $23m to upgrade town centres, including New Lynn, Westgate, Mangere Mt Albert and Pukekohe.
As well this, Annual Plan included $183 million of efficiency savings to be achieved across council.
The average rates increase for the 2014/2015 financial year has reduced from an average of 4.9 per cent (as projected in our 10-year long-term plan) to an average of 2.5 per cent, which is an average increase of 0.1 per cent for businesses and 3.7 per cent for residents.
Other key decisions include providing funding on a one-off basis for a “trial” annual arts festival in 2016, rather than one held every two years.
Leave a Comment