Auckland Council locks in record 7.9% rates rise for 2026/2027 to fund City Rail Link
AI Summary
The Auckland Council approved a record 7.9% increase in rates for the 2026/2027 fiscal year to primarily fund the City Rail Link infrastructure project. This funding decision reflects the council's commitment to urban development and public transport investment.
The 7.9% rates increase will almost entirely be used to fund the City Rail Link.
World Politics Markets Real Estate Auckland Council rates increase City Rail Link infrastructure funding urban development New Zealand