Local road funding gets a boost from fuel excise
LOCAL motorists will be the big winners from a significant boost to local road funding for councils following changes to fuel excise indexation.
A change to fuel excise indexation will see additional Roads to Recovery funding of more than $5.91million delivered to the Coffs Harbour, Bellingen and Nambucca Valley councils over the next two years. This is part of the additional $1.1billion that will be allocated nationally.
Cowper MP Luke Hartsuyker said the Roads to Recovery funding allows councils to effectively and flexibly manage maintenance and repairs without the imposition of red tape from bureaucrats in Canberra.
"Over the long term, every extra cent raised through the changes to fuel excise will be invested in road infrastructure," Mr Hartsuyker said.
ROADS TO RECOVERY PAYMENTS
(2014/15 TO 2018/19)
|Council||Old Allocation||Additional Funding||New Allocation|
|Bellingen Shire Council||2,423,296||1,274,650||3,697,946|
|Coffs Harbour City Council||5,594,291||2,942,589||8,536,880|
|Nambucca Shire Council||3,223,484||1,695,548||4,919,032|