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.
Maintain the council's share within Wellington International Airport noting its status as a natural monopoly and money earner for WCC.
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.
Maintain the council's share within Wellington International Airport noting its status as a natural monopoly and money earner for WCC.
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.
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