Council budget to start in deficit

Coffs Harbour City Council’s 2012-13 Budget will start with a large deficit.
Coffs Harbour City Council’s 2012-13 Budget will start with a large deficit. ROB WRIGHT

THE inclusion of a number of priority expenditure items means that Coffs Harbour City Council's 2012-13 Budget will start with a deficit of more than $300,000.

Coffs Harbour City Council general manager Steve McGrath said that the deficit figure of $308,365 can be managed.

"In these tough economic times we've made spending cuts across the organisation," Mr McGrath said.

"However, increasing costs and the need to get on with a broad range of activities - in response to community expectations - has resulted in a Budget shortfall for 2012-13.

"But we can handle a deficit of this size and I'm confident that, through prudent financial management, we can bring it back to a balanced result by the end of the 2012-13 financial year."

The adopted budget incorporates a 3.6% increase in 'General Income' (income from ordinary and special rates), set for 2012-2013 by the NSW Government's 'Rate Pegging' legislation.

With increased annual and usage charges (including water, sewer and waste charges), a typical residential ratepayer can expect a total rate increase of approximately $166.95 per annum (or $3.21 per week).

The adopted Budget will facilitate the continuation of works during 2012-13 associated with the extensive flood mitigation and drainage programs, the harbour foreshores upgrade and the museum redevelopment.

New programs this year will include the Coramba water main development, the second stage of the reclaimed water pipeline, a new public amenities upgrade initiative, Bonville Rural Residential Environmental Studies and airport improvements.

Topics:  budget, coffs, council, harbour




Local Real Estate

finda logo
Featured Real Estate
Gorgeous eco style home... Auction Sat 1 Nov...
4 2 2
Seize a Prime Beachfront... Offers to...
House 3 2 1
Outstanding Investment... Offers Over...
House 4 2 2
DEVELOPMENT POTENTIAL $230,000
Residential Land Serious sellers invite your offers to purchase. After being on the market ...

Featured Jobs

finda logo

Coffs Coast jobs listed daily


Featured Jobs
SENIOR CIVIL... Brisbane Full Time
Registered & Enrolled... Coffs Harbour Casual
Registered Nurse - Aged... Coffs Harbour Casual


Local Partners

LATEST DEALS AND OFFERS

Job Listings

Search for your next job now.
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Post an ad from $30
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Libra

You could be invited somewhere that you find very uncomfortable. You'll remain polite, but you will not enjoy the experience. Demands at...

read more

Marketplace

Special Offers & Promotions

Compare & Save