Trust chair Victoria Carter said a festival every year would ensure benefits on a more regular basis, with greater value for ratepayers.
It would put the city on the same cultural footing as Sydney, Melbourne, Perth, Adelaide and Brisbane, which all had annual festivals.
"It maintains branding, it's more attractive to sponsors, it maintains audience awareness and it provides more work for artists and art companies in Auckland and New Zealand," she said.
"The festival gets $2.2 million a year and we are asking for $1 million more to give twice as many festivals."
It aims to have Maori and Pacific work represent at least 15 per cent of the festival.
Councillor Christine Fletcher said she would move at today's meeting to have a festival next year.
"The opportunity is too good for Auckland to turn down based on the evidence of the last few weeks."
A festival every year
* $400,000 extra needed from ratepayers for a 2014 festival.
* $2.2 million already granted.
* $3.2 million would be needed each year after.
* Five Australian major cities have annual arts festivals.