Thursday, 27 July 2017

Claims Newcastle Council Finances Kept Hidden Labelled False

BY IAN CROUCH

Newcastle Labor councillors have hit back at claims the year-end financial results were deliberately kept hidden to avoid revealing the true state of the city's finances to ratepayers.

Independent Mayoral candidate, Kath Elliott made the startling claim yesterday, however Council's interim CEO, Jeremy Bath has since issued a statement saying the delay in releasing the results was a management decision supported by councillors to avoid presenting preliminary results which could be misleading.

Labor Councillor, Jason Dunn says there was nothing improper in delaying the final results.

"Council unanimously passed a resolution to put those financial details over til next month to ensure that the financials were actually complete and have all the year-end adjustments. So, what was said is very misleading and completely false," he said.

Jason Dunn