30/07/2026
📉 From $53.7m to $36m 🎉
"Council is finally getting our finances back in order," said Moree Plains Shire Council Mayor, Cr Susannah Pearse.
At the Ordinary Council Meeting of 18 June 2026, Council adopted its 2027-2036 Long Term Financial Plan which highlights a continued reduction in loans, with the 2026-27 projection of $36m representing the lowest loan balance in 14 years.
“Council understands that our community expects us to treat public money with the utmost care and do all that we can to ensure the long term financial sustainability of our council. We understand that public funds are not something to be gambled away.
"If we are to avoid a significant rate rise, council simply cannot spend more than we earn, so our focus is on finances that are prudently managed, ensuring value for ratepayer money and not passing the buck onto future ratepayers or councils,” said Moree Plains Shire Council Mayor, Cr Susannah Pearse.
“There is great interest in council’s finances and we are keen to help the community access and understand where we are at – warts and all.”
Cr Pearse noted that one particular area that has been the subject of public discussion lately has been council’s borrowings or loans.
“I am pleased to inform the community that council has got our loan balances down from the 2014-2015 peak of $53.7m, to $36m.”
“This has been the work of successive councils and a really good result for our community,” said Cr Pearse.
“I am especially pleased to inform the community that despite prior plans for a $6m loan for the 50m pool, council is now proposing no new loan for the pool. Council’s contribution is coming from cash,” said Cr Pearse.
Council’s Acting General Manager Mr Ian Stoneman added, “After a period of sustained loan increases for infrastructure including the Moree Gateway, redeveloping the Moree Artesian Aquatic Centre, acquiring the Max Centre, developing the Moree Water Park, constructing a new waste management facility, and some major water projects, council has sought to proactively pay down loans, refinance and not enter into new loans”.
Council’s Chief Financial Officer Mr Andrew Probert confirmed that Council has taken out no new loans since 2022. “In the last 2025-26 financial year, Council started with 31 loans and paid down 8 during the year, leaving 23.”
All councils in NSW are required to prepare a Long Term Financial Plan every year, to ensure appropriate regard for long term budgetary impacts of decision-making, and adequate funding for operations, maintenance and renewal.
“Council’s Long Term Financial Plan reflects council’s intentions to continue to pay down loans and avoid taking out new loans,” said Mr Probert.
“Council has also been working hard to restore its cash in its various funds to be in a better position to fund necessary maintenance and repairs of our vital infrastructure, with the health of each fund improving in the past 12 months,” said Mr Probert.
Council’s draft 2025-26 financial statements will be presented to Council for consideration in September 2026.