Councillors, local board members, council agency staff and directors, and members of the Maori Statutory Board will be taken through the first draft of the new 10-year budget today.
They will be told the post-Super City spending spree is over, replaced by a new era of "prudent financial management" and "affordability".
Later this year, politicians will receive the results of detailed work being done on tolls and congestion charges, which will be packaged into a series of options for Aucklanders to consider to fund transport projects.
Aucklanders will also be given the option of higher rates and increased debt to determine what transport projects get funded in the 2015-2025 long-term budget.
The budget follows four big-spending budgets since the Super City came into being in 2010, marked by debt increasing from $3.9 billion to $7.3 billion and households being hit with cumulative rates increases of up to 38 per cent.
The term black budget stems from the June 1958 budget in which Labour increased taxes on beer, tobacco, cars and petrol.
Black budget
*Up to $2.8 billion of spending cuts
*Tolls and congestion charges to pay for transport
*New libraries, parks and swimming pools under review
*City rail link funding uncertain
