Far North 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.
Complete review of depreciation of long-term assets to reflect the residual value of the initial capital cost.
Implement development contributions, reduce unnecessary waste and expenditure, and create other funding sources like the Innovation Park.
Reduce council administration cost by 25% and hold rates, fees and charges to current inflation or below.
Complete review of depreciation of long-term assets to reflect the residual value of the initial capital cost.
Implement development contributions, reduce unnecessary waste and expenditure, and create other funding sources like the Innovation Park.
Reduce council administration cost by 25% and hold rates, fees and charges to current inflation or below.
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