Bay of Plenty Regional 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.
Confine councils to essential services specifically mandated by consultation with their ratepayers.
Limit rates increases to CPI increases and apply user pays fees where possible.
Set debt limits by central government to a maximum of 30% of assets.
Ensure fees and charges are appropriate and reasonable.
Protect endowment funds by ensuring that the investment capital is not dispersed.
Work with government to address the funding of the infrastructure crisis.
Employ a diverse revenue strategy, including Quayside dividends, to lower rates and offer targeted rates and relief for hardship.
Prudent financial management balancing spending and revenue, prioritising reserves over debt and managing financial risks responsibly.
Review annual fees to be transparent.
Confine councils to essential services specifically mandated by consultation with their ratepayers.
Limit rates increases to CPI increases and apply user pays fees where possible.
Set debt limits by central government to a maximum of 30% of assets.
Ensure fees and charges are appropriate and reasonable.
Protect endowment funds by ensuring that the investment capital is not dispersed.
Work with government to address the funding of the infrastructure crisis.
Employ a diverse revenue strategy, including Quayside dividends, to lower rates and offer targeted rates and relief for hardship.
Prudent financial management balancing spending and revenue, prioritising reserves over debt and managing financial risks responsibly.
Review annual fees to be transparent.
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