Christchurch City 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.
Ensure financial prudence around the council table.
Focus spending on necessities so rates increases can be kept low.
Ensure fees and charges are affordable and equitable, for instance providing free swims and swimming lessons for kids.
Ensure council-owned businesses are performing at the top of their game.
Keep rates as low as fiscally possible.
Re-allocation and prioritisation of annual budget to solve problems with higher severity to keep borrowing minimal.
Ensure financial prudence around the council table.
Focus spending on necessities so rates increases can be kept low.
Ensure fees and charges are affordable and equitable, for instance providing free swims and swimming lessons for kids.
Ensure council-owned businesses are performing at the top of their game.
Keep rates as low as fiscally possible.
Re-allocation and prioritisation of annual budget to solve problems with higher severity to keep borrowing minimal.
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