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Ratepayers dudded $4 million as council forgets to bill developers
Ratepayers dudded $4 million as council forgets to bill developers
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Four million dollars that was meant to have been paid by developers for the community’s benefit has been discovered missing from the coffers of a Sydney council after a secretive internal investigation.
The missing millions have been quietly investigated by auditors with Georges River Council after it absorbed Kogarah and Hurstville councils during the 2016 amalgamations.
Sydney developer Toufic Terry Kayrouz is facing questions over payment of contributions for a project at Kogarah.
Credit:Kate Geraghty
Developers contributions, also known as section 94 contributions, must be paid to council when a project is approved to fund essential community infrastructure like footpaths and parks.