Palmerston North City 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.
Reduce the burden on ratepayers by developing alternative revenue sources beyond property rates through supporting strategic investment.
Commit to long-term financial planning that avoids sharp spikes in rates by smoothing costs over time and funding large projects in stages.
Ensure the rates system is fair, transparent and responsive to the realities of low-income whānau and vulnerable communities.
Reduce the burden on ratepayers by developing alternative revenue sources beyond property rates through supporting strategic investment.
Commit to long-term financial planning that avoids sharp spikes in rates by smoothing costs over time and funding large projects in stages.
Ensure the rates system is fair, transparent and responsive to the realities of low-income whānau and vulnerable communities.
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