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.
Complete the review of tourist and community facilities to make these more commercial and remove the burden on rates.
Keep improving efficiency and reducing duplication to manage rates while still funding the services, infrastructure and projects needed.
Look for income sources other than rates, such as the new asset investment management company, to reduce reliance on rates revenue.
Implement a back to basics approach prioritising water, roads and rubbish, putting some projects on hold with a needs before wants approach.
Investigate what rates capping would mean for the city so the community can decide what services and activities to continue.
Review council services to the community, evaluate their need or demand and look for savings to keep rates affordable.
Ensure council investments are structured to provide an intergenerational fund that reduces the rates burden.
Ensure to the fullest possible extent that users pay for the services that they directly use or benefit from.
Work to find the sweet spot where rates are affordable and council can deliver all agreed activities within set budgets.
Complete the review of tourist and community facilities to make these more commercial and remove the burden on rates.
Keep improving efficiency and reducing duplication to manage rates while still funding the services, infrastructure and projects needed.
Look for income sources other than rates, such as the new asset investment management company, to reduce reliance on rates revenue.
Implement a back to basics approach prioritising water, roads and rubbish, putting some projects on hold with a needs before wants approach.
Investigate what rates capping would mean for the city so the community can decide what services and activities to continue.
Review council services to the community, evaluate their need or demand and look for savings to keep rates affordable.
Ensure council investments are structured to provide an intergenerational fund that reduces the rates burden.
Ensure to the fullest possible extent that users pay for the services that they directly use or benefit from.
Work to find the sweet spot where rates are affordable and council can deliver all agreed activities within set budgets.
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