Hurunui District 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.
Ensure strong financial prudence is applied to spending and debt.
Look for opportunities for sound investment to offset rates for this and future generations of ratepayers.
Ensure we keep a strong focus on debt ratios. Recognise the difference between good debt and bad debt.
Maintain fiscally responsible systems in all departments of council.
Keep rates at an affordable level for rate payers. Lobby central government for other funding streams to meet government policies.
Have good understanding and control on council debt.
Keep charges in check to what the council services need them to be without being heavy-handed.
Develop the current investment portfolio to ensure we are getting the best bang for the buck.
Promote safe and stale financial management within the council.
Ensure strong financial prudence is applied to spending and debt.
Look for opportunities for sound investment to offset rates for this and future generations of ratepayers.
Ensure we keep a strong focus on debt ratios. Recognise the difference between good debt and bad debt.
Maintain fiscally responsible systems in all departments of council.
Keep rates at an affordable level for rate payers. Lobby central government for other funding streams to meet government policies.
Have good understanding and control on council debt.
Keep charges in check to what the council services need them to be without being heavy-handed.
Develop the current investment portfolio to ensure we are getting the best bang for the buck.
Promote safe and stale financial management within the council.
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