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Bathurst Regional Council forecasts a $10.3M surplus in 2025-26, up from $1.81M, due to cost cuts and a $4.5M loan, avoiding a rate hike.
Bathurst Regional Council projects a $10.3 million underlying operating surplus for 2025-26, up from $1.81 million the previous year, due to cost-cutting measures including deferring projects, cancelling the 2025 Winter Festival, and reducing event contributions.
A $4.5 million internal loan in mid-July prevented a projected deficit, and key financial indicators show improvement.
Challenges remain, including rising wages, insurance costs, rate caps, and infrastructure demands.
The council plans to boost revenue through advertising and venue rentals, avoids a special rate increase for 2026-27, and continues efforts to ensure long-term financial stability.
El Consejo Regional de Bathurst pronostica un superávit de $10.3M en 2025-26, por encima de $1.81M, debido a los recortes de costos y un préstamo de $4.5M, evitando un aumento de tasas.