Local grants to stimulate cash flow
COFFS Coast councils may have welcomed news that they will receive almost $2 million in Federal infrastructure funding, but the paperwork has to be in order before the cheque is in the mail.
Coffs Harbour City Council has been offered $1.06 million, Bellingen Shire $408,000 and Nambucca Shire has a chance at securing $423,000 this financial year as part of the government's $300 million community infrastructure stimulus package.
But there's fine print, according to a spokesperson for Minister for Infrastructure, Anthony Albanese.
“Councils have until January 30 to return the documentation, and in their responses councils will have to stipulate that the identified projects are ready to proceed and are additional to current operating budgets,” the spokesman said.
Mr Albanese said the funding was decisive action to support local economies during the financial crisis.
“This is about making sure the infrastructure projects get approved and underway, stimulating the local economy, supporting jobs and providing worthwhile projects that improve the quality of life in local communities,” Mr Albanese said.
The first $250 million has been allocated. Applications for those projects must be in by December 23, which puts more pressure on our councils to apply.