Randwick council budget targets infrastructure

May 21, 2018 by  

Randwick City Council recently released to the public its draft budget for the 2018 to 2019 financial year.

Mayor Lindsay Shurey has said the budget sets aside $70m for new community initiatives, programs and activities. This boost in community program activity could well be a boon for local poster printing companies.

The proposed Budget and Operational Plan states that Randwick Council is in compliance with all the NSW Government’s required financial indicators, with a total operating revenue of $157m. Mayor Shurey says that the Budget delivers on a promise to the area that a tradition of sound financial practices would be continued while getting on with providing quality facilities, programs and services.

New public art as well as upgrades to the La Perouse Museum and Blenheim house has generated some excitement about the extra local investment in the Budget. Additional projects including a planned boardwalk extension at the Randwick Environment Park, almost five kilometres of road upgrades and a new Gymnastics and Indoors Sports Centre may also bring more visitors to the suburb.

Part of the budget allowances involve taking out a $27m loan, leading to some concern about increases for ratepayers. But Mayor Shurey has said ratepayers will not be impacted as it will be covered by the introduction of a new business rate at Port Botany.