spreads (21).gif

COVID-19 Local Government Economic Stimulus Package – FAQs now available

The NSW Government has announced a $395 million economic stimulus package to safeguard council jobs, and local services and infrastructure in the wake of the COVID-19 pandemic.  The local government economic stimulus package includes:

  • Up to $112.5 million to support a Council Job Retention Allowance of $1,500 per fortnight per employee for up to three months to limit job losses in the NSW local government sector

  • A $250 million boost to the TCorp local government lending facility, bringing the total to $1.35 billion, to provide councils with low-interest loans for community infrastructure

  • All NSW councils able to access the TCorp local government lending facility for the next six months, subject to borrowing criteria

  • TCorp principal and interest payment deferrals on council loans for six months

  • Government guarantees for councils seeking commercial loans, and

  • $32.8 million to fully fund the 2020-21 increase in the emergency services levy for all NSW councils.

The Office of Local Government (OLG) has published a comprehensive frequently asked questions document on its website to provide further information on the various components of the package.

COMMENTS : Due to the risks associated with comments from unidentified contributors that expose The Beagle to possible legal actions under the NSW Defamation Act 2005 No 77 anonymous or Nom de Plume comments will not be available unless the author is known to the editor by way of a verified email address or by association.

Others who provide their REAL NAME (first name AND Surname) and a verifiable email address (it won't be published) are invited to comment below. (yes it is a pain but please comply - it would be a  shame to see your comment deleted)

Those contributors KNOWN to us and verified may continue to use their First Name or Nom de plume for ease. The primary need for all of this is due to traceability should a legal action arise.

If you need anonymity email us via our normal or encrypted email accounts

Please note that if you are looking for a previous comment that is no longer visible please contact us.