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 unnecessary expenditure.
Reduce costs.
Be innovative with revenue-gathering ideas especially around tourism and user-pays models.
Encourage investments in the region and grow the rating base to share the load.
Pull the alarm, only invest in services that matter most to people and stick to budget.
Address council debt, ie pay back where possible. Ensure it does not increase and should not increase with lower interest rates.
Ensure fees and charges are fair and reasonable.
Keep rate increases lower, ie under the rate of inflation.
Avoid unnecessary expenditure.
Reduce costs.
Be innovative with revenue-gathering ideas especially around tourism and user-pays models.
Encourage investments in the region and grow the rating base to share the load.
Pull the alarm, only invest in services that matter most to people and stick to budget.
Address council debt, ie pay back where possible. Ensure it does not increase and should not increase with lower interest rates.
Ensure fees and charges are fair and reasonable.
Keep rate increases lower, ie under the rate of inflation.
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