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.
Integrate cost of living into the rate framework by 2025.
Establish a new council funding philosophy, taking into account all relevant factors in today's and tomorrow's society, by 2025.
Selwyn economic development agency to develop and implement a new co-funding policy with relevant Selwyn stakeholders by 2025.
Introduce a rates system that is based on fixed services fees not the current property value model.
Create a rates hardship scheme for rate payers under enormous financial/heath difficulties.
Conduct an external audit on the councils forecasted debt, to minimise burdening rate payers with uncapped yearly rates increases.
Integrate cost of living into the rate framework by 2025.
Establish a new council funding philosophy, taking into account all relevant factors in today's and tomorrow's society, by 2025.
Selwyn economic development agency to develop and implement a new co-funding policy with relevant Selwyn stakeholders by 2025.
Introduce a rates system that is based on fixed services fees not the current property value model.
Create a rates hardship scheme for rate payers under enormous financial/heath difficulties.
Conduct an external audit on the councils forecasted debt, to minimise burdening rate payers with uncapped yearly rates increases.
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