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Upper Hunter Shire Council faces financial crisis, risking sustainability and needing urgent action.
The Upper Hunter Shire Council faces severe financial strain, with the NSW Auditor-General reporting insufficient cash flow and a risk to long-term sustainability.
It breached the Local Government Act by using restricted grant funds for roadworks before official release, prompting plans for staff cuts, service reductions, or a $5 million loan with $200,000 in annual repayments.
The council seeks ministerial approval to use restricted funds temporarily and has implemented cost-saving measures, but expects deficits until 2032 with $29 million in debt.
Cessnock City Council was also flagged for financial instability due to declining cash reserves.
Upper Hunter Shire Council se enfrenta a una crisis financiera, que pone en riesgo la sostenibilidad y necesita una acción urgente.