Mayor of Porirua
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.
Involve the public in a consultation exercise around rates, fees, and spending priorities.
Minimise borrowing as much as possible, and pay down debt where possible, in order to reduce the risk posed by rising interest rates.
Prioritise investments in critical infrastructure and eliminate spending on vanity projects.
Involve the public in a consultation exercise around rates, fees, and spending priorities.
Minimise borrowing as much as possible, and pay down debt where possible, in order to reduce the risk posed by rising interest rates.
Prioritise investments in critical infrastructure and eliminate spending on vanity projects.
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