Auckland Council's budget shortfall for the next financial year is expected to reach $375m- up from $295m.
Councillors attended a closed-door workshop yesterday morning to receive a budget update, ahead of approving the annual budget next month.
Mayor Wayne Brown has warned councillors that without savings, that would equate to a rate rise of more than 20 percent, which some have labelled scaremongering.
Kathryn puts that to the mayor, and asked him why he feels selling the Council's shares in Auckland Airport is the only way forward to plug the gap.
Photo: RNZ / Finn Blackwell
