The Dominion Post reports "Wellington City Council will plough $90 million of its own money into a Government-funded revamp of its dilapidated council flats"
Excuse me? Replace "its own" with "ratepayers'". Given 179,466 residents of Wellington city, and assuming one third are children, that means around $749 per adult resident being spent on the proposed council housing revamp.
Of course it could always sell them. After all, why should one of the local authorities with a reasonably above average citizen income be the second largest landlord in the country?