The NSW Government today announced a $395 million economic stimulus package to safeguard council jobs, and local services and infrastructure in the wake of the COVID-19 pandemic.
\nTreasurer Dominic Perrottet said the COVID-19 crisis has hit councils hard financially and the NSW Government is determined to limit the impacts to keep more people in jobs and allow councils to deliver for communities across the State.
\n\u201cOur State\u2019s 128 local councils are a critical part of the NSW economy, especially in many regional and rural towns where they are sometimes the largest employer,\u201d Mr Perrottet said.
\n\u201cThis about keeping people in jobs which will allow councils to continue to provide essential services in their communities throughout the ongoing COVID-19 crisis and bounce back faster once we come out the other side.\u201d
\nThe NSW Government\u2019s local government economic stimulus package includes a $250 million increase in low-cost loans to eligible councils through the State\u2019s borrowing facility provided by TCorp to kick-start community infrastructure projects.
\nThis increase brings this low-cost loan facility up to $1.35 billion for the benefit of councils and their communities.
\nTCorp will also be offering principal and interest payments deferrals on existing council loans upon request for the next six months.
\nOther measures will include:<\/p>\n
Minister for Local Government Shelley Hancock said this comprehensive package safeguards valuable council jobs and ensures staff with a wide range of skills and experience can continue to serve their communities.
\n\u201cThis funding injection enables councils to redirect funds to critical core services and deliver much-needed financial support for local communities,\u201d Mrs Hancock said.
\n\u201cImportantly, this package builds on the NSW Government\u2019s $82 million to support 260 council-run childcare centres and $25 million for local councils to rebuild and refurbish local showgrounds, bringing our total support for the local government sector to over half a billion dollars.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The NSW Government today announced a $395 million economic stimulus package to safeguard council jobs, and local services and infrastructure in the wake of the COVID-19 pandemic. Treasurer Dominic Perrottet said the COVID-19 crisis has hit councils hard financially and the NSW Government is determined to limit the impacts to keep more people in jobs … Continue reading “$395M ECONOMIC STIMULUS PACKAGE TO SAFEGUARD COUNCIL JOBS, SERVICES AND INFRASTRUCTURE”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6214","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/6214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=6214"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/6214\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=6214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=6214"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=6214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}