$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

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