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.
Tungamah's police officer Haydn Smith is about to leave the beat.
Police are currently at the scene of a double fatal collision involving two cars in at the Cahill Road, Gilmore Street and Woods Road intersection in Yarrawonga.
Tatura Community House held its annual High Tea fundraiser at the facility on Tuesday, with a full-house present to enjoy a sumptuous morning tea, good conversation and relaxing time together.
The Echuca construction team behind Junction Moama has taken out one of the top honours at a regional building awards ceremony.
Rochester Historical and Pioneer Society hosted an afternoon tea to recognise long-standing members Barrie and Flora Griffin and John and Margaret Harley.
About 7600 residents served by Goulburn Valley Water are affected by a boil-water advisory.
Scone Equine Hospital relaunches local veterinary practice.
A beauty pamper day has raised a whopping $18k to assist local lady Terri Bevan with her ongoing medical costs associated with her brain tumour
A planning scheme amendment to allow the expansion and redevelopment of the IGA supermarket at Heathcote has been approved by the Victorian Planning Minister Richard Wynne.
The second Koonoomoo Pickers and Packers Charity Ball came to town on the weekend, and was bigger and better than ever.
An exciting three-hole playoff saw Virginia Lange take a narrow win in the Deniliquin Ladies Golf Championship last Thursday.
The G-MW Murray gravity irrigation system has received 35 per cent and the Goulburn system 42 per cent of allocation from July 1.
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