A COUNCILLOR has warned colleagues a more a cautious approach will be needed when spending on future projects is considered.
William McCandless was speaking during debate on loan approvals that will bring the council's accumulated debt up to £77m.
It was explained to members at Tuesday's meeting of the Corporate Policy and Resources Committee that low-interest loans are used to finance virtually all 'capital projects' initiated by local authorities across Northern Ireland
Cloonavin spends annually around £9-9.5 m servicing and repaying loans out of a total budget of £60m.
*Read full reaction inside this week's Chronicle.