Council to apply for another loan – this time of $100M
Central Coast Council is on the hunt for another loan, this time for up to $100M. This comes on top of a loan for $50M secured in November and another…
financial crisis
Council acknowledges financial problem followed advice from external auditors
Acting Chief Executive Officer of Central Coast Council, Rik Hart, has confirmed that LG Solutions provided an article which analysed Council’s public financial records and the information contributed to the…
Spot us another $100M, Council
Central Coast Council has taken out another loan – this time for $100M – as it continues to work through mitigation measures for its cash crisis. This latest loan sees…
Council’s financial situation explained
Central Coast Council is looking for a response from their auditors about the advice that they provided when reporting on restricted funds. It appears this might have led Council to…
Council has a $565M debt
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…
More than 200 jobs will go
The nine directorates making up the senior leadership team at Central Coast Council has been reduced to five long term. A sixth directorate is short term. Malcolm Ryan has been…
Council’s debt blows out to $565M
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…
Stage two of Council’s Business Recovery Plan is underway
Stage two is underway in Central Coast Council’s Business Recovery Plan, previously called the 100-Day Recovery Action Plan. Council’s focus continues to be on reducing expenditure, arranging financing, raising additional…
No places for new apprentices at Council next year
Central Coast Council’s apprentice and undergraduate programs for 2021 have been put on hold as a result of its financial crisis and $89M deficit. As part of its Business Recovery…
Alleged code of conduct violation closed
The resignation of Cr Troy Marquart has closed the file on an alleged code of conduct violation against him. Marquart resigned in writing before the October 26 meeting. That meeting…
Rik Hart appointed acting CEO of Central Coast Council
Central Coast Council interim administrator, Dick Persson, has confirmed Rik Hart as Acting Chief Executive Officer at an extraordinary Council meeting held at Wyong Chambers on November 3. The temporary…
Minister expects administrator to restore proper and effective functioning
Central Coast councillors didn’t have to wait long to learn their fate, with Local Government Minister, Shelley Hancock, announcing on Friday, October 30, that they are suspended, just two days…
Administrator appointed
Newly appointed Administrator of Central Coast Council, Dick Persson, is committed to finding just what actions led to Council’s financial crisis, within 30 days. Persson was appointed Administrator on Friday,…
Roll up, roll up …
Due to recent events I propose a name change from Central Coast Council to Central Coast Circus; the only thing missing is a ringmaster to put them through the hoops….
Minister gives council seven days to show cause
Central Coast Council has seven days to lodge a submission with the Office of Local Government on why it should not be suspended, following an announcement on October 21 by…
‘Sounds like the last hurrah’
Councillors used a meeting on October 21 to offer what sounded like their farewell speeches. “It sounds like the last hurrah, doesn’t it,” Cr Doug Vincent said. It was the…
Government will perpetually punish us for the crime of not voting Liberal – MacGregor
Two Labor councillors on Central Coast Council, Cr Kyle MacGregor and Cr Doug Vincent, have responded to assertions by Parliamentary Secretary for Central Coast, Adam Crouch, that councillors were responsible…