Greater Wellington Regional 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.
Review the revenue and finance policy when due and consider the use of a UAGC.
Look at all options for keeping rate increases as low as possible with clear communications indicating the pros and cons of any cuts.
Continue with the financial prudence that gives Greater Wellington Regional a AA+ rating with Standard and Poor's.
Review the revenue and finance policy when due and consider the use of a UAGC.
Look at all options for keeping rate increases as low as possible with clear communications indicating the pros and cons of any cuts.
Continue with the financial prudence that gives Greater Wellington Regional a AA+ rating with Standard and Poor's.
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