Taranaki Regional 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.
Commit to sustainable environmental policies in the regional long-term plan while mitigating costs where possible.
Obtain certainty around the future financial position of the Port of Taranaki to more reliably forecast future revenues.
Advocate for alternative revenue like dividends and communicate clearly how rates are used and why.
Align budgets with long-term regional needs.
Keep rates fair and spending focused on community benefit and explore shared services with other local authorities to reduce council costs.
Look at the contribution Port Taranaki provides and see if it can be increased.
Seek funding opportunities from central government.
Manage council finances prudently to keep rates affordable while funding essential environmental and community services.
Review council spending regularly to ensure efficiency, transparency and value for money for ratepayers.
Invest wisely in regional assets and partnerships that deliver long-term benefits without creating unsustainable debt.
Commit to sustainable environmental policies in the regional long-term plan while mitigating costs where possible.
Obtain certainty around the future financial position of the Port of Taranaki to more reliably forecast future revenues.
Advocate for alternative revenue like dividends and communicate clearly how rates are used and why.
Align budgets with long-term regional needs.
Keep rates fair and spending focused on community benefit and explore shared services with other local authorities to reduce council costs.
Look at the contribution Port Taranaki provides and see if it can be increased.
Seek funding opportunities from central government.
Manage council finances prudently to keep rates affordable while funding essential environmental and community services.
Review council spending regularly to ensure efficiency, transparency and value for money for ratepayers.
Invest wisely in regional assets and partnerships that deliver long-term benefits without creating unsustainable debt.
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