Geelong Indy - 08th September 2017

Page 1

Friday 8 September 2017

geelongindy.com.au

5249 6700 indy@geelongindy.com.au

$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

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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

138 Ryrie Street Geelong 03 5229 9923 www.chefsessentials.com.au 1 GEELONG INDY Friday, 8 September, 2017


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