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.
Pay attention to the financial management, especially when using outside contractors and asset acquisition.
Keep rates at a minimum bearing in mind the economic situation of ratepayers.
Lobby central government to apportion a percentage of locally generated GST revenue.
Support returning the cost of debt to consumers for a council service rather than to other ratepayers.
Endorse withholding final certifications on developments that have outstanding Development Contributions unless an agreement is in place.
Optimise as far as practicable targeted rates, which fund specific activities, and general rates, which fund everything else.
Pay attention to the financial management, especially when using outside contractors and asset acquisition.
Keep rates at a minimum bearing in mind the economic situation of ratepayers.
Lobby central government to apportion a percentage of locally generated GST revenue.
Support returning the cost of debt to consumers for a council service rather than to other ratepayers.
Endorse withholding final certifications on developments that have outstanding Development Contributions unless an agreement is in place.
Optimise as far as practicable targeted rates, which fund specific activities, and general rates, which fund everything else.
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