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Friday, November 22, 2024

Peter 2020 pays Paul 2019


Murrindindi Council’s forecast position for the financial year has improved by $2.47 million.

The Council says it is moving from a predicted deficit of $233,376 to a surplus of $2.24 million.

“This is predominately due to the Federal Government announcement that 50 per cent of the 2019/20 Financial Assistance Grant will be paid in June 2019,” says a statement in the agenda for Wednesday night’s Council meeting to be held at Alexandra.