Sep 3, 2009

Victorian councils share $452 million in financial assistance grants

Victorian councils share $452 million in financial assistance grants

The Hon Anthony Albanese MP

The Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

September 3 2009

The Rudd Labor Government has today announced the funding that each and every council in Victoria will receive this year through the Financial Assistance Grants program.

All up, Victorian councils will receive record funding of more than $452 million in Financial Assistance Grants in 2009-10, with around 60 per cent of the grants going to rural and regional councils.

This funding is the equivalent of about $85 for every Victorian resident.

Without the Financial Assistance Grants, local residents could be paying higher council rates for the same level of service.

The Government brought forward more than $112 million of this funding to June to help Victorian councils deal with the effects of the current global recession.

The grant is untied so that Victorian councils can spend these funds on local priorities such as local roads, parks and pools, libraries, community centres, and waste, environmental and other services.

The Rudd Government understands how important the grants are for local communities where they can comprise more than half the revenue of some councils.

The Financial Assistance Grants for Victorian councils are in addition to:

  • $244.9 million through the Regional and Local Community Infrastructure Program since November 2008; and
  • $71.2 million under the Roads to Recovery program in 2009-10.

Victoria’s 79 councils will receive their first quarterly payment this week.

The Financial Assistance Grant allocation is determined independently in accordance with the recommendations of the Victorian Grants Commission.

Local councils’ allocations are available at http://www.infrastructure.gov.au/local/assistance