Coalition member for Eden-Monaro Peter Hendy claims councils in his electorate will benefit from a boost with the receipt of the Financial Assistance Grant (FAG). While this may be true for some local government areas it is not so for the Bega Valley Shire.
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“Councils in the Electorate of Eden-Monaro will receive a total of $32,679,929 million this financial year,” Dr Hendy said.
“The Coalition Government is committed to supporting local communities to deliver the services and facilities they need."
The BVSC will receive $6,771,796 but that does not gladden council's heart.
Council's chief financial officer Lucas Scarpin said: “A reduction in the draft allocation of Financial Assistance Grant funding from the Office of Local Government will result in a $196,000 budgetary shortfall.
“This has council’s estimated 2015 FAG revenue falling from $6.923m to $6.727m. When broken down the shortfall represents $133,000 in general funding and $63,000 in local roads funding.
“We are assessing the situation and options of how to absorb the shortfall will be presented in September’s Quarterly Budget Review Statement,” Mr Scarpin said.
