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.
Councillors should always be mindful of the cost of services and charges passed on to ratepayers.
It is in the best interest of the community to keep all council services fully funded, without increasing borrowing.
Work with businesses and the community to find new opportunities to expand the rates base. For example CBD development.
Councillors should always be mindful of the cost of services and charges passed on to ratepayers.
It is in the best interest of the community to keep all council services fully funded, without increasing borrowing.
Work with businesses and the community to find new opportunities to expand the rates base. For example CBD development.
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