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.
Council has an amazingly low level of debt. We need to find the balance between this and infrastructure spending.
Affordable rate increases – achieved.
Debt nailed but will always need some for growth.
Council has an amazingly low level of debt. We need to find the balance between this and infrastructure spending.
Affordable rate increases – achieved.
Debt nailed but will always need some for growth.
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