Waimakariri District 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.
Keep debt within self-imposed lower-than-required policy limits to maintain headroom to pay for significant natural disasters long term.
Maintain current prudent financial management while still providing high levels of service to both current and future generations.
Restrict rates increases to the Local Government Cost Index and maintain Waimakariri District Council's AA credit rating while reducing spending through best procurement practices.
Deliver a nil rates increase in 2027/28 as a reset, then limit rises to inflation.
Focus on needs not wants and cut wasteful spending.
Plan for debt repayment and divorce council from LGFA as soon as possible.
Ensure a fair approach for both current and future residents through rating and borrowing combined.
Use borrowing to fairly spread costs across generations, rather than burden current ratepayers with tasty and quick-fix ideas.
Use strategic borrowing to fund large projects and avoid placing an excessive financial burden on ratepayers through unnecessary rate rises.
Keep debt within self-imposed lower-than-required policy limits to maintain headroom to pay for significant natural disasters long term.
Maintain current prudent financial management while still providing high levels of service to both current and future generations.
Restrict rates increases to the Local Government Cost Index and maintain Waimakariri District Council's AA credit rating while reducing spending through best procurement practices.
Deliver a nil rates increase in 2027/28 as a reset, then limit rises to inflation.
Focus on needs not wants and cut wasteful spending.
Plan for debt repayment and divorce council from LGFA as soon as possible.
Ensure a fair approach for both current and future residents through rating and borrowing combined.
Use borrowing to fairly spread costs across generations, rather than burden current ratepayers with tasty and quick-fix ideas.
Use strategic borrowing to fund large projects and avoid placing an excessive financial burden on ratepayers through unnecessary rate rises.
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