Low-geared NZ local authorities mull new ways to raise funds in addition to property taxes

Wed, 09 Apr 2014

April 9 (BusinessDesk) – New Zealand’s local authorities are to review the options they have to raise funds, saying their reliance on property tax as their main tool is becoming less sustainable as populations grow and change. Local Government New Zealand announced today it will establish a working party this month to conduct a funding review, saying the high reliance of its members on property tax is unusual compared to counterparts overseas, which often have “a multiple taxing power.” Complementary alternatives could include local taxes or...

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