WEBVTT

1
00:00:00.000 --> 00:00:05.725
CDMM examines how municipal enterprises, procurement, strategic land and infrastructure can

2
00:00:05.725 --> 00:00:07.807
support local economic participation.

3
00:00:07.807 --> 00:00:12.491
Private businesses and contractors remain important parts of delivery.

4
00:00:12.491 --> 00:00:17.695
Revenue first pays workers, suppliers, operations, debt, maintenance and reserves.

5
00:00:17.695 --> 00:00:23.420
A lawful surplus may then support services, affordability, productive assets or

6
00:00:23.420 --> 00:00:26.542
future community capacity through accountable decisions.

7
00:00:26.542 --> 00:00:32.267
Local wealth retention, household savings, employment, ownership and tax effects can

8
00:00:32.267 --> 00:00:33.308
be modelled.

9
00:00:33.308 --> 00:00:39.033
They must not be presented as promises before assumptions and real

10
00:00:39.033 --> 00:00:40.594
performance are tested.
