- Data Accuracy: Start with clean, comprehensive data. Missing or incorrect data skews results and creates trust issues.
- Legislative Compliance: Ensure models align with local laws and regulations to avoid legal challenges.
- Stakeholder Engagement: Consult ratepayers and councillors early to gather insights and build support.
- Scenario Flexibility: Plan for multiple scenarios. Flexibility allows councils to adapt to changing priorities.
- Transparency: Ensure models are easy to understand and communicate to stakeholders. Clear visuals and explanations are essential.
By addressing these key areas, councils can create rates models that are robust, equitable, and effective.
