Tauranga's Historic Village has run up an operating deficit of $1 million over the last five years, city councillors were told today.
The losses were disclosed by council financial controller Kathryn Sharplin in a report on proposed changes to the council's policy controlling revenue and financing.
Read more: Manhunt after robbery at Tauranga pub
Her report said one of the options proposed for the review of the village was rates funding for the village.
The council's current policy was that the village paid its own way without subsidies from ratepayers.