There has been misleading talk about the level of debt the council has incurred.  It is important to bear in mind that the Burnside Council is an entity with $606 million in assets and an annual turnover of $39 million.  If it was a business it would be a medium enterprise.  It is wrong to compare this to a domestic household budget.

In 2010 the council inherited a $2 million deficit.  A modest surplus is expected this financial year and rates have not changed over the past two years.  The adoption of a long term financial plan has meant we have the capacity to borrow over ten years and still keep rates stable as well as maintaining a balanced budget.  And our residents will have the benefit of a renewed swimming centre and a community hub in Glenunga.   It’s all gain and no pain.