Deficit worsens

The bottom line of Cobar Shire Council’s Draft Budget, expected to be put on public exhibition at tomorrow’s March Meeting, shows a deficit of $2.2 million. Despite this being a substantial worsening of the situation, Council is not looking to increase rates above the rate pegging or cut services despite […]

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Local News

Much of council’s $12M in the bank is restricted

Cobar Shire councillor Bob Sinclair has queried Cr Peter Yench’s claim that council has $12million in reserve funds that could be spent immediately on projects such as extensions to the medical centre. Cr Sinclair brought up the matter at last week’s council meeting when council’s balance sheet was presented. Cr […]