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.
Ensure rate rises are minimised and treated as a priority in long term and annual planning.
Ensure council invests only to support its core activities or long term plan.
Commit to a complete review of council's debt position and policy. Increasing debt is unsustainable.
Ensure rate rises are minimised and treated as a priority in long term and annual planning.
Ensure council invests only to support its core activities or long term plan.
Commit to a complete review of council's debt position and policy. Increasing debt is unsustainable.
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