The last South Gippsland Shire annual report showed cash deposits of $35.3 million, money that was accumulated on the backs of ratepayers over the last decade through unacceptably high council rates.
IN THE REAL KNOW
ENOUGH IS ENOUGH
SOUTH GIPPSLAND ACTION GROUP CALLS TIME ON ADMINISTRATORS
The last South Gippsland Shire annual report showed cash deposits of $35.3 million, money that was accumulated on the backs of ratepayers over the last decade through unacceptably high council rates.
The 2020/21 proposed budget shows that these cash deposits will dwindle to just $11.8 million.
While this is bad, unfortunately the situation is set to become even worse. Our three unelected administrators have decided to take out a $3.6 million loan for the Mirboo North Pool Redevelopment. A further loan of $10 million is planned for “priority capital projects” in 2021/22.
In a spending frenzy, these administrators aim to reduce our cash reserves by $23.5
million, have borrowed $3.6million and plan to borrow another $10 million.
Never before have we seen such treatment of $37.1 million of our money by three unelected administrators. And when they are gone, ratepayers will suffer the consequences for years to come. In these times of turmoil, financial and personal hardships, community suffering and social destruction, the South Gippsland Action Group believes that our shire is entitled to a fairer deal.
South Gippsland Action Group
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