STRUGGLING COUNCIL SET TO TAKE ON NEW CHIEF FINANCIAL OFFICER

Central Coast Council says it’s yet to receive a formal response from Local Government Minister, Shelley Hancock – as it seeks financial back up.

Parliamentary Secretary for the Central Coast, Adam Crouch, yesterday signalled the state government would not allow council to access $328 million in restricted funds, or bail it out with up to $100 million in loans.

Minister Hancock’s office was approached for comment.

Meanwhile, a new Chief Financial Officer will start work for council on November 2.

Central Coast Council is currently grappling with an $89 million deficit.

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