Administrator finds Central Coast Council failed the basics of sound financial management

Matthew Kelly
January 13 2021 - 8:30am
The council that has to shed 200 jobs to balance books
The council that has to shed 200 jobs to balance books

Central Coast Council has outlined a plan to shed 20 per cent of its staff, sell up to $60 million worth of assets and borrow $150 million in a bid to dig itself out of a financial black hole.

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Matthew Kelly

Matthew Kelly

Journalist

Matthew Kelly has worked as a journalist for more than 25 years. He has been working as a general reporter at the Newcastle Herald since 2018. In recent years he has reported on subjects including environment, energy, water security, manufacturing and higher education. He has previously covered issues including the health and environmental impacts of uncovered coal wagons in the Hunter Valley, the pollution of legacy of former industrial sites and freedom of information issues.

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