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.
Explore all potential stakeholders and relationship opportunities when considering council investments and initiatives.
Maintain regular communication via monthly newsletter and social media platforms that clearly explain council fees and other charges.
Maintain the current trajectory of minimising rate increases and a conservative approach to financial management, especially debt.
Pause new programmes and projects, tighten up new spending and get back to basics by doing them well.
Seek partnership funding for projects.
Explore opportunities for communities to fundraise for certain projects occasionally.
Live within the council's means to limit the use of debt.
Explore all potential stakeholders and relationship opportunities when considering council investments and initiatives.
Maintain regular communication via monthly newsletter and social media platforms that clearly explain council fees and other charges.
Maintain the current trajectory of minimising rate increases and a conservative approach to financial management, especially debt.
Pause new programmes and projects, tighten up new spending and get back to basics by doing them well.
Seek partnership funding for projects.
Explore opportunities for communities to fundraise for certain projects occasionally.
Live within the council's means to limit the use of debt.
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