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.
Ensure our rates are affordable for everyone. Do not over-extend our rating base with big projects.
Create a plan that if an emergency, eg earthquake or covid shutdown happened to Kaikōura again, we can still repay debt.
Establish a fee that the developer pays for infrastructure on any new subdivision or development over a three-house limit on a section.
Ensure our rates are affordable for everyone. Do not over-extend our rating base with big projects.
Create a plan that if an emergency, eg earthquake or covid shutdown happened to Kaikōura again, we can still repay debt.
Establish a fee that the developer pays for infrastructure on any new subdivision or development over a three-house limit on a section.
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