Greater Wellington Regional 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.
As this topic is not my forte I intend to rely on my fellow councillors to guide and educate me through these financial matters.
Allocate funds collected through rates to be utilized to cover all council debt.
Investment in public transport is needed. This will benefit several generations with the cost shared equitably across those generations.
Change how the costs of large consents and their monitoring are paid for by charging the consent holder the true cost of development.
Avoid lowering debt levels to meet an arbitrary debt limit which would prevent the council making the infrastructure investments required.
Greater Wellington is currently funded substantially by government subsidies (34.7%) and Regional Rates (36.2%). Rates rises are increasingly unsustainable
Greater Wellington has had sound financial management for many years and manages its debt well. A shift to free public transport will require new funding.
Increased services will need to be funded increasingly by central government in partnership with regional and local government.
As this topic is not my forte I intend to rely on my fellow councillors to guide and educate me through these financial matters.
Allocate funds collected through rates to be utilized to cover all council debt.
Investment in public transport is needed. This will benefit several generations with the cost shared equitably across those generations.
Change how the costs of large consents and their monitoring are paid for by charging the consent holder the true cost of development.
Avoid lowering debt levels to meet an arbitrary debt limit which would prevent the council making the infrastructure investments required.
Greater Wellington is currently funded substantially by government subsidies (34.7%) and Regional Rates (36.2%). Rates rises are increasingly unsustainable
Greater Wellington has had sound financial management for many years and manages its debt well. A shift to free public transport will require new funding.
Increased services will need to be funded increasingly by central government in partnership with regional and local government.
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