Financial summary for 2020/21

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Whakarāpopoto huamoni 2020/21

This section is the summary of our budget for the 2020/21 Annual Plan. It has information on how Covid-19 has impacted our Operating Expenditure, Capital Expenditure and Revenue, as well as outlining our borrowing position.

You can find more details about Rates and also changes to Fees and User Charges on separate pages.

The 2020-21 Annual Plan covers the third year of our Long-term Plan (LTP) which was set in 2018. The LTP is due to be updated next year.

Before the Covid-19 pandemic there was extra pressure on the Council's finances including:

  • recovering from the impact of earthquakes on Council property for example - the Central Library.
  • improving aging infrastructure e.g. waste water systems; and
  • continuing to invest in the development of the City.

The proposed Annual Plan budget balances rates affordability, continuing existing services and investing in the city:

  • The economic shut-down has substantially reduced income from fees and user charges, grants, Central Government subsidies, and other sources such as interest and dividends from investments and alongside rates, this income pays for our operating expenditure.
  • We are forecasting an income loss of about $38m in 2020/21. If this was added to rates then they would need to increase by a further 12%. That is not sensible at this time.
  • In addition - apart form marinas and landfill - we are also not increasing any fees next year as well as maintaining our levels of service to the community (e.g.roads, footpaths, and libraries to festivals, museums, sports fields, animal control) as much as we can.
  • Less revenue means we are proposing to increase the amount we borrow this year to cover our losses. and pay it off over 10 years.
  • We are now forecasting debt to cover 10.7 percent ($62m) of operational expenditure (our day-to-day spend). This is up from 2.4 percent ($13.5m) in 2019/20.

We are also taking action to support Wellington's social and economic recovery:

  • We don't know how long it will take Wellington to recover from the pandemic. This makes longer-term planning of our finances extremely difficult so we expect some change to the final Annual Plan in June as the Covid-19 restrictions ease.

The tabs below provide more information on our proposed 2020-21 Annual Plan budget.

See the feedback from those who have taken part in the Annual Plan consultation by viewing our interactive dashboard of participation here


Whakarāpopoto huamoni 2020/21

This section is the summary of our budget for the 2020/21 Annual Plan. It has information on how Covid-19 has impacted our Operating Expenditure, Capital Expenditure and Revenue, as well as outlining our borrowing position.

You can find more details about Rates and also changes to Fees and User Charges on separate pages.

The 2020-21 Annual Plan covers the third year of our Long-term Plan (LTP) which was set in 2018. The LTP is due to be updated next year.

Before the Covid-19 pandemic there was extra pressure on the Council's finances including:

  • recovering from the impact of earthquakes on Council property for example - the Central Library.
  • improving aging infrastructure e.g. waste water systems; and
  • continuing to invest in the development of the City.

The proposed Annual Plan budget balances rates affordability, continuing existing services and investing in the city:

  • The economic shut-down has substantially reduced income from fees and user charges, grants, Central Government subsidies, and other sources such as interest and dividends from investments and alongside rates, this income pays for our operating expenditure.
  • We are forecasting an income loss of about $38m in 2020/21. If this was added to rates then they would need to increase by a further 12%. That is not sensible at this time.
  • In addition - apart form marinas and landfill - we are also not increasing any fees next year as well as maintaining our levels of service to the community (e.g.roads, footpaths, and libraries to festivals, museums, sports fields, animal control) as much as we can.
  • Less revenue means we are proposing to increase the amount we borrow this year to cover our losses. and pay it off over 10 years.
  • We are now forecasting debt to cover 10.7 percent ($62m) of operational expenditure (our day-to-day spend). This is up from 2.4 percent ($13.5m) in 2019/20.

We are also taking action to support Wellington's social and economic recovery:

  • We don't know how long it will take Wellington to recover from the pandemic. This makes longer-term planning of our finances extremely difficult so we expect some change to the final Annual Plan in June as the Covid-19 restrictions ease.

The tabs below provide more information on our proposed 2020-21 Annual Plan budget.

See the feedback from those who have taken part in the Annual Plan consultation by viewing our interactive dashboard of participation here


Thank you for the interest in our plans for 2020/21

Do you have any questions about our finances and the plans for 2020/21? Post below and the team will get back to you as soon as practicable. 

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