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Launceston council’s COVID financial hit not as bad as first feared, report shows | The Examiner




news, local-news, launceston, council, finances, covid, recovery

The City of Launceston council has started to recover from the worst of the COVID-19 downturn quicker than it originally planned, according to its financial reports. The figures for the last six months of 2020, which were discussed during Thursday’s council meeting, showed an underlying deficit of $5.3 million compared with a forecast deficit of $6.8 million. This deficit will…

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