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.
Adopt an invest to save mentality where prioritise investments reduce future operating cost, such as solar panels.
Consider strategic business investments to generate revenue while supporting the local economy.
Review whether development contributions are currently sufficient to cover council's ongoing infrastructure cost in new subdivisions.
Cut wasteful spending and focus on core functions so rates are affordable and sustainable.
Ensure every dollar ratepayers pay is wisely spent with full cost-benefit analysis.
Go through the books and accounts line by line and cut non-core expenditure and wastage.
Adopt an invest to save mentality where prioritise investments reduce future operating cost, such as solar panels.
Consider strategic business investments to generate revenue while supporting the local economy.
Review whether development contributions are currently sufficient to cover council's ongoing infrastructure cost in new subdivisions.
Cut wasteful spending and focus on core functions so rates are affordable and sustainable.
Ensure every dollar ratepayers pay is wisely spent with full cost-benefit analysis.
Go through the books and accounts line by line and cut non-core expenditure and wastage.
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