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.
Veteran Newman to play for Dandenong once more
The Yarrawonga Pigeons defeated Corowa Rutherglen Roos by 76 points at the JC Lowe Oval in Yarrawonga.
The Aboriginal and wider community is mourning the death of revered Bangerang Aboriginal elder, Uncle John ‘‘Sandy’’ Atkinson.
AFFORDABLE housing is only one of the reasons Melbourne property buyers are zeroing in on Echuca-Moama.
AFTER 46 years of garden growing, Rochester and District Garden Club members are hanging up their spades, drying out their gloves and getting ready to watch the weeds grow.
Gift fundraiser is looking for toddler talent.
Local export Willie Wheeler dominating at VFL level
Berrigan Shire councillor Daryll Morris says he has been sickened by some of the vitriol and personal attacks to surface since the council’s proposal to redevelop Finley’s Memorial Hall and School of Arts site was revealed in October last year.
THE Heathcote Community will come together once again to honour the memory of car accident victim Georgia Edsall-French at a memorial day this Saturday.
Katamatite Lions Club held its 42nd annual handover dinner at the Boosey Creek Tavern on July 13.
Mathoura endured a harsh hammering to its playing confidence on Saturday with a 24-goal thrashing at the hands of Deniliquin Rovers.
The demand for organic milk in Australia is outstripping supply, creating an opportunity for the region’s dairy farmers.
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
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.