Traditional sources of revenue for Auckland Council, such as tourism, have largely dried up as a result of Covid-19. On Wednesday last week, the council announced that the projected $450 million hit to revenue this year could snowball to nearly $1 billion by 2024. However, Wellington-based economist Cameron Bagrie said the council should avoid using drastic cutbacks to make up for the projected drop in its revenue, and it was important not to overreact.