It’s clear that climate change is rapidly changing the risk environment for public assets, and that is putting pressure on the mechanisms we have in place to fund maintenance and replacement of community assets such as roads, bridges, sports fields, and public parks.
The Local Government sector only takes in 3.4% of taxes totalling $18.9b, but is responsible for delivery of $38.8b in service delivery. Councils’ own-funding sources therefore represents only 49% of their expenditure, which means Councils are reliant on State and Federal grant programs to be able to sustainably deliver community services.
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New Zealand
