By Paul Hemsley and Julian Bajkowski The Municipal Association of Victoria (MAV) has blamed unpopular rate hikes averaging 4.8 per cent or $76 on growing ‘critical’ cost pressures arising from the need to top-up $396.9 million worth of unpaid liabilities for the Defined Benefit Superannuation Shortfall, a yawning infrastructure backlog and pervasive cost shifting to […]
8 July, 2013
By Paul Hemsley Going to the bank for a loan doesn’t ordinarily require the extra screening of a tender process, but the Municipal Association of Victoria (MAV) is doing just that to get financial help to fund a Defined Benefit Plan that is troubling councils which urgently need to top-up their employees’ superannuation shortfall. MAV […]
18 June, 2013
By Paul Hemsley and Julian Bajkowski The Victorian Auditor-General’s Office (VAGO) has issued a stern warning that “small councils” could be left financially unsustainable due to their increasing dependency on state government and Commonwealth grants and rate hikes still not being enough to pay for rising costs. The wake-up call is contained in a new […]
13 June, 2013End of content
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