BendigoWeekly www.bendigoweekly.com.au
ISSUE 856 FRIDAY, MARCH 14, 2014
Mosaic magic shows Spirit glory TO celebrate Bendigo Spirit’s back-to-back victories, The Bendigo Weekly presents every photograph taken by Andrew Perryman during the game. Look closely and you can see the Spirit on their way to victory, every step of the way. • Story: Page 40 • Photos: Pages 14 and 15
CASH POOR
By ANTHONY RADFORD
ALMOST $4 million will be slashed from next year’s capital works budget as the Greater Bendigo council deals with a financial shortfall. A $3 million carry-over deficit, cost overruns on 37 capital projects this financial year and increased watering and garden maintenance costs have resulted in a forecast $4.059 million cash deficit for the 2013-14 financial year.
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Capital works fund slashed
Interest on council’s investments was also down $156,000 on what was budgeted at the start of the year. To counter the shortfall, council has voted to put off two major projects until next year. However, instead of rolling over the $3.8m for the delayed
Canterbury Park redevelopment and Mitchell Street bus shelter and timetable system, council will simply fund them out of the 2014-15 capital works budget. That means projects will compete for $3.8m less cash next financial year. Whipstick Ward councillor Pe-
Ex-mayor to appeal - Page 3
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ter Cox said the financial position was “a real concern”. “What concerns me is that the other councillors haven’t expressed these concerns sufficiently,” he said. “The message we are giving to our managers is it is OK to go over budget.” Cr Cox said the budget short-
fall was the result of building three large projects in the past two years. “We are now seeing the impact of doing three major projects in quick succession – the $15m multistorey carpark, the library and the art gallery,” he said. “The library and the art gallery are fantastic projects, but we have put pressure on ourselves by doing these projects in quick succession.
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Walk plan stepped up - Page 5
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