Plains Producer $1.40
Wednesday June 22, 2011
STAR OF THE NORTH
Planning to reduce a 2011-12 operating deficit of almost $1 million:
Back in BLACK 4 REDUCE DEFICIT 4 REDUCE BORROWING
RATE increases above inflation, less borrowing and better management of assets are highlighted as key factors to reduce Wakefield Regional Council’s predicted $1 million operating deficit in 2011/2012 to a small surplus in six years, according to its long term financial plan. WRC acting chief executive officer, Steve Jonas, said ratepayers could anticipate rate rises of about two percent above the three percent inflation rate through the consumer price index (CPI) for the next few years at least. “What we’re saying in this document, is by
4 REDUCE DEPRECIATION 4 SURPLUS IN 6 YEARS
Les Pearson reports: increasing rates by a couple of per cent above CPI, for the next six to 10 years, we will get to a position where we have got an operating surplus, based on the figures and information we have now,” Mr Jonas said. “But that’s always the difficulty in preparing a long term plan because something always comes up that we were not aware was going to occur.
“It’s relatively easy to look a year or two ahead but to look ahead five years or more, it is much more difficult so you’ve basically got to make assumptions based on the best information we currently have.” Tables in the plan document a rate rise of only two percent each year, with inflation not added on to the figures. Mr Jonas believes the use of current values with no CPI added makes the document easier to interpret. n Continued Page 6
Emma on her way
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Harpist Emma Horwood will bring musical drama to the wonderful stories of Tolkien when she performs in Balaklava next month. In the last Fringe Festival, Emma, with her crystalpure voice and harp, presented stunning music settings of J.R.R. Tolkien’s poetry, interspersed with readings from his book, The Lord of the Rings. She has now chosen to present this in Balaklava at the Courthouse Gallery on Sunday, July 10 at 2pm. Tickets are available at Tads, Balaklava.
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Ends Frid July 1
And Jimmy? It’s up to you
Would you attend a Jimmy Barnes concert, with a line up of supporting acts in Balaklava? Local organisers are looking to the possibility of Australian rocker Jimmy Barnes performing in Balaklava, mid 2012. There is also the chance local businesses could become involved. But before the event can proceed, there must be a registration of interest. Go to the Plains Producer’s Facebook page and vote on our poll.
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