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.
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.
Advocate for increased funding from central government.
Commit to reviewing the capital expenditure programme and look for savings.
Be clever with our assets and explore options to leverage growth and reduce debt.
Continue to advocate to central government for a better funding model for councils and the removal of GST from rates.
Commit to not selling our strategic assets.
Advocate to central government for a portion of GST from council activities be returned to the council.
Advocate for increased funding from central government.
Commit to reviewing the capital expenditure programme and look for savings.
Be clever with our assets and explore options to leverage growth and reduce debt.
Continue to advocate to central government for a better funding model for councils and the removal of GST from rates.
Commit to not selling our strategic assets.
Advocate to central government for a portion of GST from council activities be returned to the council.
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