GO TO THIS STORY HERE |
GO TO THIS STORY HERE |
When a Council like Launceston's operates with a structural deficit of $2.6 MILLION that has to tell you something. One thing being that Tasmania's biggest councils is being poorly managed. It got the Auditor General worried apparently. Why are ratepayers so quiet?
On top of that Launceston has a Defined Benefits Superannuation Scheme. That's nice for the recipients and a worry for ratepayers. Currently, with interest rates falling this scheme's liabilities are probably growing exponentially.
You have to ask why would ratepayers in adjoining Council want to take on the liabilities of a Council that's spent decades spending like a drunken sailor.
Something needs to happen BUT WHAT?
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