Mayor of Kāpiti
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.
Recognise that rates are set by previous year's expenses beyond the incoming council's control and apply prudent fiscal management to manage rates.
Ensure all investments deliver a return on investment of more than 10% and that fees and charges reflect the true cost of enforcement and infrastructure loading.
Reduce debt, the single largest issue, in preference to rates reductions, with charges and fees contributing to debt reduction.
Review playground provision and other activities to reduce rates.
Stick with the financial strategy to reduce debt.
Keep fees and charges affordable for families to access services while making fees and charges for development cover the cost of growth.
Recognise that rates are set by previous year's expenses beyond the incoming council's control and apply prudent fiscal management to manage rates.
Ensure all investments deliver a return on investment of more than 10% and that fees and charges reflect the true cost of enforcement and infrastructure loading.
Reduce debt, the single largest issue, in preference to rates reductions, with charges and fees contributing to debt reduction.
Review playground provision and other activities to reduce rates.
Stick with the financial strategy to reduce debt.
Keep fees and charges affordable for families to access services while making fees and charges for development cover the cost of growth.
Mayor
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