On 2 April 2020 the Council agreed to a package of measures to help alleviate financial stress faced by many businesses and households in our city as a result of the COVID-19 pandemic.
The package includes offering a rates payment extension of up to six months for eligible ratepayers who are experiencing financial hardship because of the pandemic, and a three month rent holiday for some of the Council's commercial tenants.
You can read more on Newsline or find out more about eligibility and how to apply for a rates payment extension.
Unite Against Covid-19, visit covid19.govt.nz
The Council gets its money from a range of sources, including rates, borrowing, and money from user charges and government grants, especially from NZTA for roading.
This section outlines how much money comes from each source and what we will spend it on this year, including both operating spending and capital investment.
In 2019/2020, only 50% of our total funding will come from your rates, as shown in the table below.
|Sources of Council funding||%|
|Transfers from reserves||17%|
|Fees, charges, grants and subsidies||15%|
|Dividends and interest||8%|
|Capital grants and subsidies||4%|
|Earthquake rebuild recoveries||2%|
In 2019/2020, we will spend a total of $1.07 billion on operating and capital costs.
The table below shows where the Council plans to spend the funding collected during 2019/20.
Corporate expenses include everything that is not directly related to a single activity; including capital expenditure of $77.6 million and interest costs not reallocated to other Groups of Activities ($71.9 million). Corporate capital expenditure includes Canterbury Multi Use Arena, Strategic Land Acquisitions and IT projects.
|Total Council spending, by activity||$000||%|
|Communities and citizens||187,671||18%|
|Roads and transport||186,695||17%|
|Parks, heritage and coastal environment||66,231||6%|
|Regulatory and compliance||52,204||5%|
|Strategic planning and policy||42,381||4%|