Our funding

Our work is funded by a combination of the Heart of the City BID targeted rate and funds invested directly into our campaigns and work programmes by the public and private sector.

Auckland Council applies the HOTC BID targeted rate which is collected from the ratepayer/commercial property owner (and indirectly by the business owner/tenant) located within our boundary. The Heart of the City targeted rate is currently charged at 0.00034486 of rateable capital value. You can see a detailed rates breakdown for any property on the Auckland Council website. Auckland Council supports Business Associations operating BID programmes as set out in the council BID Policy. 

You can see a breakdown of our annual revenue and expenses in our annual audited financial statements.