Otago Regional 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.
Introduce a rates incentive system which encourages rate payers to pay on time; could be fortnightly instalments to ease the rate burden.
Introduce more of an incentive to have completed consents processed in an earlier timely fashion whereby the fee is discounted.
Introduce the policy of the rates do not go over the threshold, no greater than 10 – 12% rate rise to ensure good value for money.
Introduce a rates incentive system which encourages rate payers to pay on time; could be fortnightly instalments to ease the rate burden.
Introduce more of an incentive to have completed consents processed in an earlier timely fashion whereby the fee is discounted.
Introduce the policy of the rates do not go over the threshold, no greater than 10 – 12% rate rise to ensure good value for money.
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