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Independent analysis finds "reckless" spending from Wellington City Council

Author
Newstalk ZB,
Publish Date
Wed, 25 Oct 2023, 8:35am
Photo / Getty Images | File
Photo / Getty Images | File

Independent analysis finds "reckless" spending from Wellington City Council

Author
Newstalk ZB,
Publish Date
Wed, 25 Oct 2023, 8:35am

Concerns that Wellington City Council's financial books aren't in a good state. 

Castalia was commissioned by a group of locals for an independent analysis of public records, which suggests a one-billion-dollar budget blowout. 

Group member and Wellington Lawyer, John Swan, told Kate Hawkesby that the council's 'reckless.' 

He says they've bitten off more than they can financially chew, but concedes that some of it is down to inflation. 

Council Chief Financial Officer Andrea Reeves says the analysis makes assumptions based on outdated information. 

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