The Federal Government's decision to freeze indexation with hit Campaspe Shire's hip pocket.REBECCA KERR August 25, 2014 3:06am
Campaspe Shire will have millions of dollars torn out of its finances by Canberra’s decision to freeze indexation with its Federal Financial Assistant Grants program.
The federal decision to freeze indexation means an estimated $139 million will be lost from councils statewide over the next three years.
Campaspe Shire chief executive Keith Baillie said the grants were important but the council was not as dependent on the funding as others.
‘‘Campaspe is somewhere in the middle, it’s important to us, very important, we receive over $10 million dollars of these grants but it’s not as much a share of our budget as some other councils,’’ he said.
‘‘We have initially calculated the impact on us might be over $400,000 a year for every year it’s frozen — and of course that can accumulate.’’
Councils are working with the Victorian Grants Commission to establish what they could expect from the reduction.
Mr Baillie said the initial council budget was framed knowing there would be a reduction and the draft was released for public consultation before the Federal budget was announced.
He said news of the freeze put a dent in the local budget but council was able to accommodate for it without increasing rates further than originally estimated.
A Shepparton man was car jacked on Colliver Rd Shepparton yesterday afternoon.
The Mulwala Lions took a huge step forward in the race for the Murray League title with a hard fought, low scoring, 15 point win, against the fancied Barooga outfit, in near perfect conditions at Lonsdale Reserve on Saturday.
Chelsea Campbell is excited with her new business venture, after purchasing Carol Taylor’s hairdressing salon in Hogan St.
THE Echuca-Moama Country Music Festival will kick off next week at Moama RSL with three days of entertainment under the one roof.
NATIONAL tree day came early for Rochester Secondary College with 16 students planting 350 trees in little more than an hour on Thursday.
Goulburn Valley Water, in consultation with the Department of Health & Human Services, has lifted the Boil Water Notice for the township of Tongala.
Australian Army Cadets unit keeps winning awards.
Finley's well-respected Gordon Pyle will be remembered by the Southern Riverina community
HEATHCOTE Park Raceway was back in action on Sunday with a surprise for those expecting owner Russell Clarke to be enjoying his retirement.
Dozens of birds of all shapes and sizes flew the coop as Cobram hosted its inaugural poultry auction last Sunday.
Neil Buckley has been inducted as president of the Deniliquin Lions for the next 12 months.
Superior Seed Co ran a successful Winter Cropping Field Day at Deniliquin last week.
The Benalla Giants came out winners in both the under-14s and under-16s against the Benalla Bulldogs on the weekend.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.