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Tory Whanau hits back at accusations of billion dollar hole and defends Golden Mile

Publish Date
Mon, 30 Oct 2023, 12:42pm
Wellington Mayor Tory Whanau. Image / Newstalk ZB
Wellington Mayor Tory Whanau. Image / Newstalk ZB

Tory Whanau hits back at accusations of billion dollar hole and defends Golden Mile

Publish Date
Mon, 30 Oct 2023, 12:42pm

Wellington's Mayor can't yet paint a clear picture of the city council's debt.

The council’s gross debt was 1.25 billion dollars at the end of the 2023 financial year.

Over the past five years, they paid an average of 25 million dollars annually in interest for the money it has borrowed.

A group of Wellington ratepayers say their independent analysis shows the council's facing a billion dollar hole.

Tory Whanau hit back at the accusations during her October catch up with Nick Mills, and defended the Golden Mile plans. 

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