Finance and Performance Committee acknowledge ‘Asset-Recycling’ budget will not be met this year

Finance and Performance Committee acknowledge ‘Asset-Recycling’ budget will not be met this year

Auckland Council Finance and Performance Committee minutes from their recent meeting state “the financial performance of the group up to 31 March 2021 has been considerably stronger than anticipated in the Emergency Budget” however Council continue to pursue their targets relating to asset-recycling, such as selling off community greenspaces. Council do however acknowledge that they don’t expect to hit their asset-recycling targets due to “significant delays” and “ongoing uncertainty”.

The response from our community in opposition to our reserve’s sale was impressive, however no update has been provided about next steps, or any opportunity to state our case to Council in person.

We will follow up with Council and keep everyone posted on anything we know.

Thank you again for everyone’s hard work and support!

From Finance and Performance Committee meeting minutes – 22 April 2021

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