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.
Restrict the cycle of borrowing, increasing spending and increasing rate take.
Long-term plans, whilst aspirational, will reflect the financial limitations of the district.
Fees and charges need to be targeted and proportional, to recover costs generated.
Restrict the cycle of borrowing, increasing spending and increasing rate take.
Long-term plans, whilst aspirational, will reflect the financial limitations of the district.
Fees and charges need to be targeted and proportional, to recover costs generated.
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