Central Otago 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.
Address rates being out of control. Seven years ago there was credit but now there is huge debt through wrong decisions close to $ 100 million in the latest LTP.
Look at the sale of assets and the lack of creation of new investments that actually return a dividend and lower rates.
Stop council debt as there is no need to be in debt through the poor direction the council has taken which is the wrong direction.
Address rates being out of control. Seven years ago there was credit but now there is huge debt through wrong decisions close to $ 100 million in the latest LTP.
Look at the sale of assets and the lack of creation of new investments that actually return a dividend and lower rates.
Stop council debt as there is no need to be in debt through the poor direction the council has taken which is the wrong direction.
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