Waitaki 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.
Avoid cuts to spending now that end up costing more later and lower rates in the long term, not just the short term.
Depreciate assets so some money is set aside to replace them and make it easier to attract external funding.
Use debt only as necessary and work council’s position back to being a creditor rather than debtor once water is done.
Avoid cuts to spending now that end up costing more later and lower rates in the long term, not just the short term.
Depreciate assets so some money is set aside to replace them and make it easier to attract external funding.
Use debt only as necessary and work council’s position back to being a creditor rather than debtor once water is done.
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