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.
Develop a zero debt policy and do not grow debt but eliminate it, borrowing only for emergencies and only with a short-term full repayment schedule.
Reduce expenditure wherever feasible and stop overspending and borrowing; start saving.
Work towards reducing rates recognising that in recent years the district has been hit hard with layoffs and reduced incomes.
Ensure council continues to reduce borrowing and debt.
Explore additional avenues to increase council revenue without significantly increasing rates for residents.
Introduce a financial initiative to incentivise commercial property owners to tenant their properties.
Develop a zero debt policy and do not grow debt but eliminate it, borrowing only for emergencies and only with a short-term full repayment schedule.
Reduce expenditure wherever feasible and stop overspending and borrowing; start saving.
Work towards reducing rates recognising that in recent years the district has been hit hard with layoffs and reduced incomes.
Ensure council continues to reduce borrowing and debt.
Explore additional avenues to increase council revenue without significantly increasing rates for residents.
Introduce a financial initiative to incentivise commercial property owners to tenant their properties.
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