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Peninsula News - 21 Mar 2022
peninsula.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peninsula.news Daily Mail and Mail on Sunday newspapers.
Peninsula News - 21 Mar 2022
peninsula.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peninsula.news Daily Mail and Mail on Sunday newspapers.
NSW launches public inquiry into finances of Central Coast Council
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The NSW government is launching a public inquiry into the financial mismanagement of Central Coast Council following revelations it had accumulated more than half a billion dollars in debt.
Announcing the inquiry on Monday afternoon, Minister for Local Government Shelley Hancock said such a probe would provide an âindependent, open, and transparentâ avenue to improve the embattled councilâs performance following the suspension of its elected body in October, 2020.
Local Government Minister Shelley Hancock.
Central Coast Council suspended, public inquiry ordered into financial woes
Central Coast Council has been suspended and a public inquiry will take place after it was found the council was facing more than half a billion dollars worth of debts.
The NSW Government announced today it will conduct a public inquiry into the financial management of the council and its ability to serve the local community.
In publicly available data, the council currently holds an accumulated debt of $565 million, and forecasts an operating loss for the 2020-2021 financial year of about $115 million.
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The council currently holds an accumulated debt of $565 million.(Nine)
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