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.
Review, regularly council debt, fees and charges to ensure fiscal sustainability for future residents.
Revise the rating system to make it more sustainable, fairer, equitable and value for money.
Keep council debt to a minimum as the economy has slowed and interest rates are rising.
Review, regularly council debt, fees and charges to ensure fiscal sustainability for future residents.
Revise the rating system to make it more sustainable, fairer, equitable and value for money.
Keep council debt to a minimum as the economy has slowed and interest rates are rising.
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