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Unley’s balanced budget…with a $2.7million loan.

June 19, 2015

More later, folks, on the monetary rates puzzle in the above headline … after Monday night’s  Council financial fulminations. Meanwhile the initial rise of 4.1% quoted by our mourning newspaper a week or so ago  is scheduled to be reduced… to 3.5% .Taking the next financial year’s take from rates to $35.988million.

On the loans front there is likely to be a boost  in the council debt, with a suggested extra borrowing of  $2.749million, taking our debt level to an impressive $15.8million.

Mr Micawber must be having a heart attack.

l

 

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