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What we are proposing
The impacts of the recent storm events beginning on Auckland Anniversary weekend could be substantial over time and we don’t yet know the full costs.
Changes to our investment in land, infrastructure, buildings and equipment will be needed.
Some new investments will be delayed so we can undertake urgent repairs and replacements.
Additionally, from 2023/2024, we are proposing to increase our operating budgets by around $20 million each year to improve our ability to prepare for and respond to future storms.
This would likely require rates to increase for 2023/2024 by around an additional 1 per cent (on top of the 4.66 per cent increase proposed to address our budget shortfall).
You should know
This information is an edited version of the Annual Budget 2023/2024.
The impacts of the recent storm events beginning on Auckland Anniversary weekend could be substantial over time and we don’t yet know the full costs.
Changes to our investment in land, infrastructure, buildings and equipment will be needed.
Some new investments will be delayed so we can undertake urgent repairs and replacements.
Additionally, from 2023/2024, we are proposing to increase our operating budgets by around $20 million each year to improve our ability to prepare for and respond to future storms.
This would likely require rates to increase for 2023/2024 by around an additional 1 per cent (on top of the 4.66 per cent increase proposed to address our budget shortfall).
You should know
This information is an edited version of the Annual Budget 2023/2024.
Additionally, from 2023/2024, we are proposing to increase our operating budgets by around $20 million each year to improve our ability to prepare for and respond to future storms.
