Administrator releases three-month report
Central Coast Council administrator Mr Dick Persson released his report for his first three months on Wednesday, February 3.
"We are well advanced with progressing a voluntary redundancy program which will meet most of our targets," he said.
But this means $45 million has to be found to pay out all the costs of the staff that are leaving the organisation, he said.
He said the capital works budget had been cut from $240 million back to $170 million and that the bottom line was a recurrent shortfall of around $70 million.
Mr Persson reiterated the need to increase rates by 15 per cent to address the "real situation we are dealing with so if you are angry go to the minister; if you are angry go to the ballot box but we are going to have to have a rate increase".
He said that with this the council would have a small surplus next year and recurrent surpluses for the next 10 years.
Central Coast Council agenda 1.5, 3 Feb 2021