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19: The potential economic cost of a lockdown is a wake-up call in Auckland.

According to Auckland Councilor Desley Simpson, the Alert Level 4 lockdown due to Cove 19 will cost the super city's economy ڈالر 100 million a day.

Auckland Council / Provided

According to Auckland Councilor Diesel Simpson, Alert Level 4 lockdown due to Cove 19 will cost the super city’s economy ڈالر 100 million a day.

Auckland Councilor Diesel Simpson says modeling by the council shows that the 14-day alert level 4 lockdown will cost Superstay’s economy 1. 1.4 billion because of Covid 19.

Simpson, chairwoman of the council’s finance and performance committee, said the figures were based on work done last year.

“Does it bother me? Of course it does,” he said. And he said it would also be a serious concern for many city dwellers and business owners.

“As chairman of the finance and performance committee, it is also my job to work with the finance team to ensure the financial stability of the council.”

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But Simpson said it was too early to say how the latest lockdown would ultimately affect the council’s finances.

“Throughout the organization, we’re working very hard on that,” Simpson said.

He said the council’s current. 10 year recovery budget Due to the future rebirth of Covid 19.

“So we’ve budgeted for it, but at this point we don’t know how long it will last.”

Councilor Desley Simpson says modeling by the council shows that a 14-day alert level 4 lockdown will cost the super city's economy 1.4 billion.

Simon mode / stuff.

Councilor Desley Simpson says modeling by the council shows that a 14-day alert level 4 lockdown will cost the super city’s economy 1.4 billion.

Simpson said she expects a more comprehensive report from council staff next week.

Auckland Council The epidemic generated 4 450 million in 2020 and recently completed a کم 120 million cost-cutting exercise that cut 643 jobs.

Auckland Transport said it could lose this week. $ 5 million a week. Latest Alert Level 4 Lost Loss Due to Lockdown.

Manoriva-Papakura Ward Councilor Daniel Newman said the latest lockdown is still in its infancy, but any continued shrinkage in Auckland’s economy will inevitably affect Super City’s revenue base.

“The most likely scenario is that the collection of regional fuel taxes and fairboxes will reduce revenue because people live at home instead of driving and using public transport,” he said.

“Therefore, Auckland Transport will immediately feel the financial pressure, as well as the revenue to Waka Kotahi. National Land Transport Fund (NLTF) Falls. “

But he said as Auckland moves toward rehabilitation, it is important that core services and projects be secured to protect jobs from council funding.

“Ensuring that all New Zealanders can earn their living is a basic need for decision-making at all levels of government.”

He said his immediate priority was to help people in his ward affected by the lockdown.

“People need to stay in their bubble and be safe. Saving lives is a top priority.

In a statement, Peter Goodsell, chief financial officer of Auckland Council Group, said:

“The development of our project looked at different scenarios and retained the budget headroom to deal with further shocks.”

Auckland Council’s finance team is monitoring the situation and the impact on the council’s finances. ۔

He said the council’s finance and performance committee would be updated as needed to ensure councilors understood the impact and could make whatever decisions they wanted.

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