Mayor of Central Otago
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.
Diversify investments to maximise the value of land holdings, guided by land strategy for sustainable returns and community benefit.
Undertake a district-wide rating review to ensure the system is fair, sustainable and reflects the needs and realities of Central Otago.
Use best practice for debt by ensuring the cost of infrastructure is spread fairly so today's investments do not overburden tomorrow's ratepayers.
Diversify investments to maximise the value of land holdings, guided by land strategy for sustainable returns and community benefit.
Undertake a district-wide rating review to ensure the system is fair, sustainable and reflects the needs and realities of Central Otago.
Use best practice for debt by ensuring the cost of infrastructure is spread fairly so today's investments do not overburden tomorrow's ratepayers.
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