Manawatū 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.
Discourage borrowing from Local Government Funding Agency. Interest rates are low but strings attached, unelected people should not dictate how council spends money.
Maintain rates affordability by keeping rates rises within the level of inflation.
Avoid rate increases for residents.
Reduce council debt.
Improve council financial transparency.
Ensure council is meeting the fundamental needs of the core council business.
Discourage borrowing from Local Government Funding Agency. Interest rates are low but strings attached, unelected people should not dictate how council spends money.
Maintain rates affordability by keeping rates rises within the level of inflation.
Avoid rate increases for residents.
Reduce council debt.
Improve council financial transparency.
Ensure council is meeting the fundamental needs of the core council business.
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