Christchurch City 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.
Carefully craft the letter of expectation for the holdings company and provide strong oversight on performance of the asset portfolio.
Ensure council facilities are equitable and affordable by providing discounts where appropriate and possible.
Ensure financial prudence around the council table, keeping rate increases as minimal as possible while still delivering.
Ensure adequate time and resources are allocated for the Long Term Plan every three years to enable full review and identify savings.
Introduce a rates cap and/or commit to keeping rates as low as possible, for example five percent, reflecting household and workplace realities.
Undertake a full review of council procurement policies and audit processes to ensure best value for money is achieved.
Carefully craft the letter of expectation for the holdings company and provide strong oversight on performance of the asset portfolio.
Ensure council facilities are equitable and affordable by providing discounts where appropriate and possible.
Ensure financial prudence around the council table, keeping rate increases as minimal as possible while still delivering.
Ensure adequate time and resources are allocated for the Long Term Plan every three years to enable full review and identify savings.
Introduce a rates cap and/or commit to keeping rates as low as possible, for example five percent, reflecting household and workplace realities.
Undertake a full review of council procurement policies and audit processes to ensure best value for money is achieved.
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