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.
The Heart of the City BID targeted rate is paid by all commercial property owners in the city centre, and is collected by Auckland Council along with general and other targeted rates. The Heart of the City targeted rate is currently charged at 0.00059964% of rateable capital value, and in the year ending June 2017, it generated $4,269,124.00. You can see a detailed rates breakdown from any property on the Auckland Council website.
You can see a breakdown of our annual revenue and expenses in our annual audited financial statements.