Mayor of Waipā
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.
Closely monitor growth debt to ensure timely repayment by developers and open up more debt headroom.
Explore new revenue streams to reduce reliance on rates, like a visitor levy.
Fix the finances and find efficiencies to keep rates affordable.
Commit to cap council borrowing within prudent limits, improve financial transparency and focus investments that deliver long-term benefits.
Commit to explore partnerships, external grants and targeted investment opportunities to reduce over-reliance on rates as the main revenue source.
Commit to keep rates increases as close to inflation and in line with population increase as possible while prioritising essential services.
Closely monitor growth debt to ensure timely repayment by developers and open up more debt headroom.
Explore new revenue streams to reduce reliance on rates, like a visitor levy.
Fix the finances and find efficiencies to keep rates affordable.
Commit to cap council borrowing within prudent limits, improve financial transparency and focus investments that deliver long-term benefits.
Commit to explore partnerships, external grants and targeted investment opportunities to reduce over-reliance on rates as the main revenue source.
Commit to keep rates increases as close to inflation and in line with population increase as possible while prioritising essential services.
Mayor
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