Wellington City 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.
Achieve zero rates increase for the next three years by cutting wasteful spending to keep Wellington affordable.
Get council spending and debt under control to reduce the $1.2 million a week in interest paid by ratepayers.
Review council investments to assess effectiveness, such as Takina which costs $1 million a month in losses.
Advocate to central government to pay rates on government-owned buildings in Wellington to ease the burden on all ratepayers.
Change to land value rates to reduce rates for most Wellingtonians and encourage development of medium and high-density housing.
Implement a disaster resilience fund so that in the event of a severe emergency, there is a fund to get the city back up and running.
Maintain the council's share within Wellington International Airport noting its status as a natural monopoly and money earner for Wellington City Council.
Reassess how council uses debt limits to ensure asset and investment decisions are distributed fairly, accounting for the new water entity.
Investigate new tools to incentivise growth in good locations, such as a new development levy regime or a land value rating system.
Boost Wellington's business appeal to grow the economy and tax base.
Ensure sustainable services through prudent financial management and fair rates.
Achieve zero rates increase for the next three years by cutting wasteful spending to keep Wellington affordable.
Get council spending and debt under control to reduce the $1.2 million a week in interest paid by ratepayers.
Review council investments to assess effectiveness, such as Takina which costs $1 million a month in losses.
Advocate to central government to pay rates on government-owned buildings in Wellington to ease the burden on all ratepayers.
Change to land value rates to reduce rates for most Wellingtonians and encourage development of medium and high-density housing.
Implement a disaster resilience fund so that in the event of a severe emergency, there is a fund to get the city back up and running.
Maintain the council's share within Wellington International Airport noting its status as a natural monopoly and money earner for Wellington City Council.
Reassess how council uses debt limits to ensure asset and investment decisions are distributed fairly, accounting for the new water entity.
Investigate new tools to incentivise growth in good locations, such as a new development levy regime or a land value rating system.
Boost Wellington's business appeal to grow the economy and tax base.
Ensure sustainable services through prudent financial management and fair rates.
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