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.
Be mindful of keeping the balance between the self-imposed caps on general and targeted rates plus the cost of long-term debt.
Understand and implement the best combinations of strategies to ensure the most affordable rates possible for all.
Use a "lean, mean" budget for affordability, doing all we can to make the best decisions for us.
Introduce new equitable financial models that are fit for purpose, sustainable and resilient with the least impact on the community.
Move to a more user-pays fees and charges basis including a levy on developers to fund infrastructure in new developments.
Be mindful of keeping the balance between the self-imposed caps on general and targeted rates plus the cost of long-term debt.
Understand and implement the best combinations of strategies to ensure the most affordable rates possible for all.
Use a "lean, mean" budget for affordability, doing all we can to make the best decisions for us.
Introduce new equitable financial models that are fit for purpose, sustainable and resilient with the least impact on the community.
Move to a more user-pays fees and charges basis including a levy on developers to fund infrastructure in new developments.
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