DEFICIT MANAGEMENT PLUS!!
MORETON BAY REGIONAL COUNCIL proudly announced last week that new borrowings for 2014-15 will be [only] a tad over $20 million. The annual borrowing will increase to $45M over the next four years.
Corpoprate Services spokesman, Bob Millar remarked: “….we’ll generally always have some debt.” SOME DEBT!
Bob neglected to mention the $383,129,000 that we and our children already owe thanks to the borrowing practises of this council.
Our old Caboolture Shire had total borrowings of around $20million and cash in the bank. What went wrong?
(Deamalgamation went wrong - that's what!)
Ken Park - Banksia Beach - Vice Chairman R.C.S.Inc.
Time for a closer look from above!