Business
‘Rates will have to rise’: Council mergers in crisis as losses mount – Sydney Morning Herald
Government council merger policy in crisis with amalgamated councils losing $1 billion in three years and ratepayers facing hikes in rates and service cuts.
But a failure to properly manage the mergers has resulted in at least two merged councils considering legal action and another, Central Coast Council, requesting a government bailout to pay its thousands of council staff and suppliers. On Friday it was suspended and the government appointed an administrator.Inner West lost its chief executive last week as its finances deteriorated.
LSI Consulting – which has analysed the performance of councils for three decades and provided consulting services…
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