While Wollongong City Council says it remains in a sound financial position, there’s concerns over the current economic climate.
Their latest meeting showed strong funds and reserves, low debt, and continued investment in community infrastructure.
Council said it’s not immune to cost of living pressures, over the next four years it’s spending over $500 million to deliver major capital projects, including the new Southern Suburbs, and Helensburgh community centres and libraries.
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Council is facing increased construction costs across all areas of operation, and says it must remain disciplined in a period of economic instability.
