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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.

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