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.
Avoid using debt to fund wants or nice-to-haves, as no one wants a council mortgage hanging over their property.
Get back to basics and grow a culture of living within means before it becomes unaffordable to live or move to Waimate.
Make funding of development infrastructure the responsibility of the developer without subsidising by the ratepayer.
Ensure good financial management to keep rates down and put a spotlight on spending.
Keep borrowing to a minimum if possible and ensure fees and charges mirror actual costs rather than being used as revenue collection.
Keep revenue from council assets for infrastructure and special projects rather than spending on rates as previously.
Avoid using debt to fund wants or nice-to-haves, as no one wants a council mortgage hanging over their property.
Get back to basics and grow a culture of living within means before it becomes unaffordable to live or move to Waimate.
Make funding of development infrastructure the responsibility of the developer without subsidising by the ratepayer.
Ensure good financial management to keep rates down and put a spotlight on spending.
Keep borrowing to a minimum if possible and ensure fees and charges mirror actual costs rather than being used as revenue collection.
Keep revenue from council assets for infrastructure and special projects rather than spending on rates as previously.
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