Phil Goff's 10-year budget plans • Rates increase of 2.5 per cent for the first two years and 3.5 per cent thereafter • Regional petrol tax of 11.5c a litre • New water quality targeted rate to raise $452m* • New environmental targeted rate for protecting kauri and native flora and fauna to raise $311m* • Climate change response fund of $40m* and $90m* for coastal protection work • $100m for America's Cup • $120m* contestable fund for sports and recreation facilities • $20m* to help restore cutbacks at Auckland Art Gallery • Expand Southern Initiative social programme to West Auckland and $475,000 to City Mission • Resumption of reducing the difference between business rates and household rates • The disestablishment of Auckland Council Investments Ltd *spending over 10 years - www.nzherald.co.nz