Their Legacy

18 Jul

Council’s second Pre-Election report is available on their website.  Some parts of it are spun might read quite nicely (to some), but for me any ‘good’ is cancelled out by the debt situation.

First up though, have we employed another Chief Executive?

1

The effect of a missing apostrophe.

Here are some of the graphs used to inform us

1

Only half a percent increase in 2014/2015!

1a

Hmmm….was that low increase from more effective cost-saving operation of Council….nope….we put shit off.

0

There it is again…putting shit off

Use all the words you like here

low

‘relatively low risk’

Actions speak louder than words, they say

1b

And if the rental return doesn’t come to fruition from the high risk investment that development is?

To be fair and equitable though, here is the overall investment graph.

1a

I’m not sure which ‘investments’ are performing well. We know it is not Investment Property though don’t we?

Our CCO’s look to be doing well too, don’t they?

2

The other side of that coin is this:3

Remember how Mayor Tim would refer proudly, whenever possible, that our debt was one of the lowest in the country?  He can’t say that anymore can he?

I know long term councillor Boniface will say ‘you don’t get it’.  That’s what he claimed over the electricity company arrangements I blogged about in the past but, he never took the time to explain…lol.  I may not ‘get it’.  I am a layman and council are consulting and informing laymen.  I realise the graphs are a small part of the big picture.

Here is the big picture I am seeing.  Increased debt, deferred work, high risk development that will possibly create more empty shops.  On top of that, these major projects are planned

major

Yet the scariest thing for me, I think, is this

omg

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4 Responses to “Their Legacy”

  1. Realist July 18, 2016 at 8:05 pm #

    The comments on the investment property graph do not match the AP comments, eg the lower return is also due to milk solids being low, the new development will struggle to put the area in the actual black

  2. Sara July 20, 2016 at 8:10 pm #

    You shud run 4 council! Show them wot u no!

    • Kylie July 20, 2016 at 8:35 pm #

      I did at the last election and plan to again.

      • Realist July 21, 2016 at 9:00 pm #

        If you look at the debt affordability benchmark graph it is wrong, debt is currently greater than revenue in any one year. The benchmark they use is debt as a % of assets not revenue, so this pre-election report is pretty iffy at best

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