Central Otago District Council
Rates and revenue
The work of local government is funded mainly by property taxes in the local area, known as rates. This makes up around 60% of council expenditure, with the rest coming from user charges, investment income, regulatory fees and roading subsidies. Councils can also borrow money to spread the cost of large investments such as infrastructure over a longer period of time.
Rates and revenue
The work of local government is funded mainly by property taxes in the local area, known as rates. This makes up around 60% of council expenditure, with the rest coming from user charges, investment income, regulatory fees and roading subsidies. Councils can also borrow money to spread the cost of large investments such as infrastructure over a longer period of time.
Endeavour to minimise rates in Central by careful management of council expenditure while continuing to deliver core council services.
Ensure that council liabilities per household are kept under $1200, with borrowing to be permissible for the long-term economic interests.
Seek to promote all areas of Central Otago to both the domestic and international tourist industry in the pursuit of economic growth.
Allow council to take on debt to ensure the cost of major capital projects is spread across the generations who will benefit.
Balance the financial pressure on the ratepayer in harder times while still funding key council services.
Find ways for council to reduce expenditure while investing in sustainable initiatives such as reducing heating costs and moving to EVs.
Endeavour to minimise rates in Central by careful management of council expenditure while continuing to deliver core council services.
Ensure that council liabilities per household are kept under $1200, with borrowing to be permissible for the long-term economic interests.
Seek to promote all areas of Central Otago to both the domestic and international tourist industry in the pursuit of economic growth.
Allow council to take on debt to ensure the cost of major capital projects is spread across the generations who will benefit.
Balance the financial pressure on the ratepayer in harder times while still funding key council services.
Find ways for council to reduce expenditure while investing in sustainable initiatives such as reducing heating costs and moving to EVs.
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