CAMPASPE Shire Council will almost double its overall debt in the coming financial year.
Nearly $4 million in new borrowings is proposed, resulting in overall debt of 8.1 million.
Borrowings of $1.9 million are required to complete the extension of council offices in Echuca.
The project will enable the council's Echuca-based staff to move into one building.
The council has allowed for borrowings to be taken up, if required, for two other projects - Waranga Trail and Murray River retaining wall.
The total amount of new borrowings proposed is $3.8 million.
DOCUMENT: Campaspe 2019/20 budget and strategic resource plan
Campaspe Shire Council adopted its 2019/20 budget at a special meeting on Tuesday.
Mayor Adrian Weston said seven budget submissions were received, four of which were detailed at a hearing on May 14.
The budget was subsequently adopted with minor amendments.
Most of the amendments were in the form of corrections and updated figures, including property values.
The number of council activities and services was also revised.
The shire has budgeted $29.4 million for capital works, including a $13.1 million investment in roads.
A further $3 million has been budgeted for bridges and $3.4 million for drainage works.
Almost $3 million has been set aside for public buildings.
The shire has budgeted $1.8 million for recreation and leisure projects.
Total expenditure is expected to amount to $77,792,000 - about $2,588,000 more than the previous financial year.
The council's comprehensive operating surplus will be almost three times less than the year prior, dropping from $9,499,000 to $3,281,000.
More to come.
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