Horizons Regional 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.
Review investment performance every second year including fit with business and diversification.
Seek to diversify income streams, including from utilities such as energy where there is a national shortfall, which also assists the region.
Seek, with Government, ways of funding regional government including a slice of tax income because New Zealand has the narrowest funding base in the OECD, mainly rates.
Review investment performance every second year including fit with business and diversification.
Seek to diversify income streams, including from utilities such as energy where there is a national shortfall, which also assists the region.
Seek, with Government, ways of funding regional government including a slice of tax income because New Zealand has the narrowest funding base in the OECD, mainly rates.
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