Friday 8 September 2017
geelongindy.com.au
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$45m to $125m in four years
City’s loans set to triple By Luke Voogt
Mark Simson and mate check out a winter wonderland at Lorne this week after cold weather dusted parts of the Otways in white. (Rebecca Hosking)
Evacuations after explosions, blaze rock Drysdale P3
Lyons shows Lady Di pics to raise charity cash P19 PlantationShutters
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City Hall borrowings will triple over the next four years despite council administrators this week hailing a reduction under their reign last financial year. The administrators’ final budget plans a loan balance of $125 million in 2020/2021, up from $45 million in 2016/2017. The administrators deferred almost $36m in loans during the last financial year, leaving future councils to deal with the burden. Continued page 5
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