Waipā District 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.
Reduce council assets by selling surplus assets, this will help with rates reduction and council debt.
Stop playing the property market as this is not a core service of council.
Ensure rate increases stay as low as possible by delaying capital projects like new museums, libraries and the like.
Maintain the current asset and risk committee which continues to oversee Waipā district finances and assets for the the next three years.
Continue to keep fees and charges to the minimum without impacting and increasing local rate charges and debt through district plans.
Recognise that the current inflation and increased interest rates will have a major impact on wages, costs, fees and charges, and rates.
Reduce council assets by selling surplus assets, this will help with rates reduction and council debt.
Stop playing the property market as this is not a core service of council.
Ensure rate increases stay as low as possible by delaying capital projects like new museums, libraries and the like.
Maintain the current asset and risk committee which continues to oversee Waipā district finances and assets for the the next three years.
Continue to keep fees and charges to the minimum without impacting and increasing local rate charges and debt through district plans.
Recognise that the current inflation and increased interest rates will have a major impact on wages, costs, fees and charges, and rates.
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