Tuesday 23 June 2020

New Lake Macquarie Budget Aims To Beat COVID-19

BY IAN CROUCH

Lake Macquarie Councillors last night gave the green light to the city's Operational Budget for the next financial year.

The $395 million dollar plan includes $115 million for capital works, with $70 million being used to replace or upgrade existing assets and $40 million going towards new assets.

Another $70 million will be spent on roads, drains, footpaths and shared pathways.

Almost $20 million will be spent on new and improved parks, playgrounds, sporting and swim centres.

$2.4 million has been allocated to the revitalisation of Charlestown's Pearson Street Mall. 

30,000 native trees will be planted from Blacksmiths to Catherine Hill Bay.

The extra public works will see the $8.4 million dollar deficit forecast in April increase to $11.5 million to help drive the city's economic recovery from the impacts of COVID-19.