12 Sep 2012

Council deficits

8:07 am on 12 September 2012

Councils recorded a seasonally adjusted quarterly operating deficit of $145 million in the three months to June.

Official figures show their operating income rose 7% due to rises in investment income and current grants, subsidies, and donations income.

Operating expenditure rose 12%, driven by rises in purchases and other operating expenditure, and employee costs.