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 rates are set to balance the need for efficient and effective service provision against community ability and willingness to pay.
Ensure all council activities meet rigorous standards of analysis of benefits and costs.
Ensure financial management, debt and assets decisions meet best practice taking into account probable increased natural disasters.
Ensure rates are set to balance the need for efficient and effective service provision against community ability and willingness to pay.
Ensure all council activities meet rigorous standards of analysis of benefits and costs.
Ensure financial management, debt and assets decisions meet best practice taking into account probable increased natural disasters.
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