$440m parking charges
Auckland Council will earn $440 million profit from parking charges over the next 10 years - an amount described by mayoral candidate Vic Crone as akin to a ‘‘corporate sized profit’’.
The money is not clearly reported in the council’s Long Term Plan budget for 2015-2025, instead pocketed away as an amount that contributes to lowering ‘‘general rates’’ for Auckland residents.
Mayoral candidate Vic Crone says it is not clear where this redistribution of parking revenue is actually going within council’s budget.
It is not included under council’s declared ‘‘surplus of operating funds’’ from parking.
Auckland Transport (AT) media relations manager Mark Hannan said some of AT’s parking revenue goes into reducing rates, but did not elaborate on the numbers.
‘‘The revenue from Parking Services directly contributes to the council’s ability to maintain lower rates to Auckland ratepayers,’’ Hannan said when contacted.
But Crone disagrees with the accuracy of