Mayor of New Plymouth
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.
Ensure only capex qualifies for any further debt funding and no opex is debt funded.
Limit rate rises to 6–7% in year one of the LTP, 5–6% in year two and 5% in year three.
Review Capex Projects, Thermal Dryer and Stadium to see if contingency budgets and budgets can be cut and review budget for walkway extension.
Enforce regular auditing of council sub-processes and financial management, including contractors.
Explore means of paying off council debt by introducing more community businesses and initiating a power and gas co-op.
Maintain council investments such as property, buildings, parks and reserves as well as monetary investments including the PIF fund.
Ensure only capex qualifies for any further debt funding and no opex is debt funded.
Limit rate rises to 6–7% in year one of the LTP, 5–6% in year two and 5% in year three.
Review Capex Projects, Thermal Dryer and Stadium to see if contingency budgets and budgets can be cut and review budget for walkway extension.
Enforce regular auditing of council sub-processes and financial management, including contractors.
Explore means of paying off council debt by introducing more community businesses and initiating a power and gas co-op.
Maintain council investments such as property, buildings, parks and reserves as well as monetary investments including the PIF fund.
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