Letters to the Editor: 16 March 2022: Council made a bad financial choice

Updated March 15 2022 - 2:00pm, first published March 11 2022 - 2:36pm
Letters to the Editor: Council made a bad financial choice
Letters to the Editor: Council made a bad financial choice

I concur with Keith and Norma Sims from last week's letters. As an ex-oil company business manager, I can advise with a little credibility that borrowing capital to the extent of $26.5m, $2m taken from roads and infrastructure and topped off with $5.4m withdrawn from the City's cash reserves, it is a financial disaster about to happen for the City and the subsequent rate rises due to be thrust upon all the ratepayers.