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.
Balance the increasing costs of service delivery against the need to maintain rates affordability for residents.
Encourage council to continue to manage its borrowings within its rate and debt limits as set in the council financial strategy.
Ensure council employs financial prudence and low risk funding strategies while focusing on its core service delivery.
Balance the increasing costs of service delivery against the need to maintain rates affordability for residents.
Encourage council to continue to manage its borrowings within its rate and debt limits as set in the council financial strategy.
Ensure council employs financial prudence and low risk funding strategies while focusing on its core service delivery.
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