Jul 7, 2009

$10 million brought forward to help ACT deal with global economic recession

$10 million brought forward to help ACT deal with global economic recession

The Hon Anthony Albanese MP

The Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

July 7 2009

The Rudd Labor Government has delivered more than $10 million in early Financial Assistance Grants payments to the Australian Capital Territory to help it deal with the local impacts of the global economic recession.

Details of payments to all councils and the ACT are available at www.infrastructure.gov.au/local/assistance/

This measure builds on more than $1 billion in new funding that the Government is providing to stimulate local economies through the Community Infrastructure Program.

Local communities are feeling the impacts of the global recession with rising unemployment and slowing economies.

As a result, the Australian Capital Territory has seen growing demand for community services and infrastructure.

The Rudd Government is taking decisive action to help local communities by bringing forward the 2009-10 first quarter Financial Assistance Grants.

The Australian Capital Territory will be able to spend these funds on a range of priorities including local roads, parks and pools, libraries, community centres, health and child care services.

The remaining 2009-10 Financial Assistance Grants payments will be made in the usual manner.