Council’s approach to growth, how we’re funding growth, who pays?

Council uses borrowings (debt) to pay for new infrastructure for growth and increases to levels of service initially. This ensures future generations (including new properties) pay their share of the cost of the new assets which they will use.

The renewal or replacement capital programme is paid for with funding we have collected from rates over the life of the assets (depreciation funding) and from subsidies which are mostly from Waka Kotahi. All of the growth-related capital expenditure is planned to be funded from development contributions and $110m is assumed to be received from development contributions over the 20 years of the LTP.

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