We want to provide world class services. But we also know that funding these services needs to stay affordable and fair.
Funding our activities
We fund our activities and services in a number of ways.
When the activities benefit Auckland in general, we raise funds through general property rates charged to homes and businesses.
Activities that benefit a particular area, or are used for a particular purpose, are often funded through targeted rates.
For those activities that benefit individuals, we raise funds through fees – such as water charges, public transport fares, consenting fees, and development contributions.
We also receive subsidies from the government.
Funding long-term assets
We fund long-term assets by borrowing to spread the cost across the generations that will benefit from them.
We are reaching the limit of what we can sustainably borrow because of our huge and necessary investments in city infrastructure.
As part of the
10-year Budget 2018-2028 we introduced other funding methods (such as targeted rates and a regional fuel tax).