$644 million hits the ground for local councils
17 November 2014
Council coffers across Australia are currently receiving the latest instalment of the Australian Government's Roads to Recovery and Financial Assistance Grants funding.
Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the 183 local government authorities that have so far submitted their returns for Roads to Recovery have now received their initial $69 million of funding.
“In September I wrote to each local government authority to advise of their allocation for the 2014–15 to 2018–19 period, which included a doubled allocation for the 2015–16 financial year,” Mr Truss said.
“It means councils can now get on with their chosen projects to build and upgrade their local road and street networks.
“The Government has provided certainty for Roads to Recovery, as the new legislations abolishes the sunset clause that saw Labor unnecessarily hold up funding for five months.”
In a double helping of good news for council balance sheets, the second quarterly payment of $575 million under the Financial Assistance Grant programme will be paid today.
“Importantly, the Australian Government's funding comes with no strings attached—meaning councils are free to spend the money on local priorities,” Mr Truss said.
“Financial Assistance Grants allow councils to prioritise funding according to local needs, with the untied grant funding being used to deliver a range of benefits to communities across Australia, such as infrastructure, health, recreation, environment and employment projects.
“The Australian Government's priority is to deliver the infrastructure needed for a more prosperous future and that starts from at the local level.
“The Roads to Recovery programme and Financial Assistance Grants are key ways we are helping local councils to support their local communities.”