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.
Follow sound fiscal principles by funding operations via rates, financing capital responsibly, avoiding needless asset sales and lowering debt.
Review the development contributions policy to ensure, as far as legally possible, that new greenfield developments cover their real costs.
Set a new benchmark for capital spending where all projects must deliver long-term financial benefit and solve multiple problems where possible.
Cap rates to the rate of inflation.
Reduce council debt to a fiscally responsible level.
Sell the dam and review assets to make sure they are giving value on the investment.
Follow sound fiscal principles by funding operations via rates, financing capital responsibly, avoiding needless asset sales and lowering debt.
Review the development contributions policy to ensure, as far as legally possible, that new greenfield developments cover their real costs.
Set a new benchmark for capital spending where all projects must deliver long-term financial benefit and solve multiple problems where possible.
Cap rates to the rate of inflation.
Reduce council debt to a fiscally responsible level.
Sell the dam and review assets to make sure they are giving value on the investment.
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