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Author: Thames Coromandel District Council

NEWSROOM TCDC DEBT FIGURES WRONG

A letter to the editor in The Informer Issue 19 March, cited some information in a Newsroom article that was wrong, and which Newsroom has since corrected. The Informer letter to the editor was written by Meg Beston (Not TCDC’s Fault, 19 March issue) and cited Council debt figures published in an article on the Newsroom website (If councils were companies some would be bankrupt, 14 March). Newsroom had its figures for TCDC wrong and has since corrected them: Net debt is $197m (not $220m), revenue is $157m, making a debt-to-revenue ratio of 125% (not 255%). This changes TCDC in the Newsroom...

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