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.
Rates need to be within the percent paid by the ratepayer last year.
If we get the expected increased valuation that should have no effect on the increase..
If the Regional Council demands a greater rate increase we should vigorously oppose such gouging.
Rates need to be within the percent paid by the ratepayer last year.
If we get the expected increased valuation that should have no effect on the increase..
If the Regional Council demands a greater rate increase we should vigorously oppose such gouging.
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