Council has borrowings totalling $201.4M, including the remaining Emergency Loan to be paid this year.

The post Council’s debt now made public thanks to Cr Wright appeared first on Central Coast News.

Central Coast Council still does not report the number of employees in every budget, so the community still doesn’t know where the big spending cuts are being made, according to...

The post Council debt never higher than $440M says Inquiry witness appeared first on Central Coast News.

Forum – It’s my view that politicians and (especially) councillors (should) be eligible for office only if they have been intimately involved in private enterprise for a solid period of...

The post Council through a business prism appeared first on Central Coast News.

On the eve of the Public Inquiry into Central Coast Council Administrator Rik Hart has acknowledged internally restricted funds still need to be used to keep the Council afloat. Hart...

The post Internally restricted funds still keeping Council afloat appeared first on Central Coast News.

Central Coast Council reached the end of July 2021 with around $110M less debt than expected. The total debt appears to be about $455M as of July 31. This was...

The post Council debt less than expected appeared first on Central Coast News.

One resident’s submission to the Public Inquiry into Central Coast Council’s financial woes questions the need to pay back Council’s “bad debt” of $200M of restricted funds. The Council negotiated...

The post Submission questions whether restricted funds need to be paid back appeared first on Central Coast News.

In August 2020, a report to Central Coast Council suggested that it should not borrow more money until its operational performance improved. The report was commissioned in April 2020 by...

The post Recently released report sheds additional light on Council borrowing appeared first on Central Coast News.

Almost all of Central Coast Council’s debt appears to be confined to the Central Coast Water Supply Authority, rather than within the Council, it was revealed in 2019/20 audited financial...

The post Latest financial reports reveal almost all Council debt is Water Supply Authority appeared first on Central Coast News.

Auditors are in the sights of Central Coast Council about advice provided on the reporting of restricted funds. It appears this may have led the Council to believe it had...

The post Auditors in Council’s sights appeared first on Central Coast News.

Central Coast Council has a $565M debt, it was announced on Wednesday, December 2, when interim Administrator, Dick Persson, delivered his 30-day report on Council’s financial crisis. The debt includes...

The post Council has a $565M debt appeared first on Central Coast News.

Central Coast Council has racked up a $565M debt, it was announced on December 2 when interim Administrator Dick Persson delivered his 30-day report on Council’s financial crisis. The debt...

The post Council’s debt blows out to $565M appeared first on Central Coast News.

Forum – What a disaster our new Central Coast Council has turned out to be, plunging us ratepayers in multimillion dollar debt in only three years, and no light at...

The post Ban political parties from local government positions appeared first on Central Coast News.

[Forum] And we are supposed to be surprised; no way; but yes, it was to be expected; the Central Coast Council running up a huge multi million dollar debt. And...

The post Debt and deficits appeared first on Central Coast News.

During several press interviews (in 2015), Mr Hockey stated that we are spending $40 million a day to repay the interest on our national debt. This equates to each Australian...

The post Who approved our increasing national debt? appeared first on Central Coast News.