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.
Minimise rate increases over the next three years, recognising that affordability of rates is a significant issue in our community.
Ensure prudent financial management and the need to manage projects soundly.
Continue the policy of reducing council debt to $30 million by 2030.
Continue the debt reduction focus of previous councils and focus on at least holding or reducing rates as Three Waters reforms are implemented.
Make sure Three Waters debt repayment is used to reduce debt and rates and the "Better Off" funding is used fully to improve community wellbeing.
Minimise rate increases over the next three years, recognising that affordability of rates is a significant issue in our community.
Ensure prudent financial management and the need to manage projects soundly.
Continue the policy of reducing council debt to $30 million by 2030.
Continue the debt reduction focus of previous councils and focus on at least holding or reducing rates as Three Waters reforms are implemented.
Make sure Three Waters debt repayment is used to reduce debt and rates and the "Better Off" funding is used fully to improve community wellbeing.
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