The Kākā by Bernard Hickey

Share this post

Dawn Chorus: Finally, the rainy day option appears

thekaka.substack.com
Choruses

Dawn Chorus: Finally, the rainy day option appears

Councillor Lotu Fili proposes alternative to Brown’s share sale to balance Auckland Council’s Budget, including borrowing $60 million more to offset cyclone hits in proper use of rainy day funds

Bernard Hickey
Jun 8, 2023
∙ Paid
24
Share this post

Dawn Chorus: Finally, the rainy day option appears

thekaka.substack.com
7
Share
Brown has accused his fellow councillors of being ‘financially illiterate.’ His own literacy needs improving. Photo: Lynn Grieveson/Getty Images

TL;DR: Finally, the Auckland City Council is fumbling its way towards understanding how to use its own balance sheet properly, as a buffer for its ‘rainy day,’ rather than as a ‘sinking lid’ that ‘starves the be…

Keep reading with a 7-day free trial

Subscribe to

The Kākā by Bernard Hickey
to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2023 Bernard Hickey
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing