RATES INCREASE FOR THREE YEARS ON CENTRAL COAST

The newly appointed Administrator for Central Coast Coast Council says a rate rise is not enough to ensure long-term financial sustainability, given council’s $564-million debt.

Rates will increase by 15 per cent each year for the next three years, but Rik Hart says that will only provide short-term stability.

The decision was made by the Independent Pricing and Regulatory Tribunal.

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