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.
Work to reduce council debt to enable future rates to drop to a manageable level for all ratepayers.
Use income earned from council investments to offset rates and reduce rates for all ratepayers.
Work with the finance team to ensure every department is aware of the commitment to accountability for all spending.
Work to reduce council debt to enable future rates to drop to a manageable level for all ratepayers.
Use income earned from council investments to offset rates and reduce rates for all ratepayers.
Work with the finance team to ensure every department is aware of the commitment to accountability for all spending.
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