Whangārei 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.
Balance services provided to the public with rate increases and the incurring of debt to fund everyday services through sensible financial management.
Highlight risks of user pays if a rates cap is introduced, for example, having to pay more for going to the aquatic centre or clubs using sports fields.
Use newly established Whangārei District Holdings to bring better returns from the commercial property portfolio to offset rate increases.
Balance services provided to the public with rate increases and the incurring of debt to fund everyday services through sensible financial management.
Highlight risks of user pays if a rates cap is introduced, for example, having to pay more for going to the aquatic centre or clubs using sports fields.
Use newly established Whangārei District Holdings to bring better returns from the commercial property portfolio to offset rate increases.
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