Waitomo 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.
Find the best compromises to balance affordable rates with expenditure needed to provide for the community needs now and into the future.
Understand the council's historic and future debt profile and policies and interest rate risks with and without Three Waters.
Ensure a balance is maintained in costs and benefits from inter-generational assets between the current generation and future generations.
Financial management.
Fees and charges.
Council debt.
Break down our current rates, and from this residents can determine whether they are acceptable or require review.
Be involved in the budget, and debt discussions as a chartered accountant.
Oppose unreasonable rate increases over the next three years.
Reduce unnecessary outgoings to enable rate increase reduction.
Find ethical and sustainable initiatives for council investment opportunities.
Find the best compromises to balance affordable rates with expenditure needed to provide for the community needs now and into the future.
Understand the council's historic and future debt profile and policies and interest rate risks with and without Three Waters.
Ensure a balance is maintained in costs and benefits from inter-generational assets between the current generation and future generations.
Financial management.
Fees and charges.
Council debt.
Break down our current rates, and from this residents can determine whether they are acceptable or require review.
Be involved in the budget, and debt discussions as a chartered accountant.
Oppose unreasonable rate increases over the next three years.
Reduce unnecessary outgoings to enable rate increase reduction.
Find ethical and sustainable initiatives for council investment opportunities.
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