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.
Work collaboratively with the government to deliver long-term funding agreements on vital infrastructure projects.
Explore the feasibility of alternative funding tools to reduce the reliance on the existing rating base.
Ensure value for money and prudent debt management are front and centre in council financial decision-making.
Ensure equitable and reasonable rates revenue, focused on strategically important investment in infrastructure and public services.
Expand revenue sources to regional council, better reflecting the scale of infrastructural and environmental responsibilities.
Carefully weigh intergenerational equity when investing in projects using borrowing.
Work collaboratively with the government to deliver long-term funding agreements on vital infrastructure projects.
Explore the feasibility of alternative funding tools to reduce the reliance on the existing rating base.
Ensure value for money and prudent debt management are front and centre in council financial decision-making.
Ensure equitable and reasonable rates revenue, focused on strategically important investment in infrastructure and public services.
Expand revenue sources to regional council, better reflecting the scale of infrastructural and environmental responsibilities.
Carefully weigh intergenerational equity when investing in projects using borrowing.
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