Council



Council is seeking a $100M loan

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. “Negotiations with…




Auditors in Council’s sights

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…




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…





Many Council assets listed for sale

The first group of “under-performing” assets to be sold by Central Coast Council to recoup hundreds of millions of dollars of debt includes sites at Wyong, Warnervale, Doyalson, North Gosford…





Rate rise on the cards

Central Coast Council held a special meeting on November 26 to give itself permission to apply for a rate rise, even though the Council hasn’t decided as yet if it…