2019 FEDERAL BUDGET:
All about Infrastructure and population growth
Treasurer Josh Frydenberg handed down his Federal budget last night. Tax measures featured heavily in the budget with taxpayers receiving windfalls in the form of tax rate cuts. Protecting the integrity of the tax system was also heavily featured.
This document provides a high-level snapshot of some key funding impacts for Councils.
The stand outs
Continuing with firm commitment to infrastructure, congratulations go to: Hinkler region, Adelaide city, Albury Wodonga region, Barkley region, Geelong and Hobart City, securing funding to bolster their communities.
The 2019 Federal Budget highlights plenty more infrastructure commitment over the next 4 years with projects heavily revolving around transport, tourism and environment.
Of significance, but no surprise, the Government will provide $3.1 billion over five years from 2018 19 to support North Queensland’s livestock industry and associated communities to recover from the impacts of the 2019 flood event.
$220.0 million will be committed over four years from 2019 20 to the Department of Communications and the Arts to improve regional telecommunications via the Stronger Regional Connectivity package.
Other interesting commitments
Also, of interest are commitments to:
- Environment and climate, receiving attention via the Climate solutions package $3.5 Bil over three years and the Practical Environment Restoration Commitment.
- Enhancing National Tourism Icons, $50 Mil over three years.
- Supporting Australian exports.
- Safer Communities Fund, assistance for farmers and farm communities in drought.
- Building Better Regions Fund – round four.
- Community Development Grants Program – additional projects
- Significant Infrastructure Programs.
- New regional visas to assist a skilled workforce.
- Building social cohesion for newly arrived migrants.
This budget clearly demonstrates focus on support to the development of infrastructure, natural disaster relief and management, tourism and community violence. These themes send a clear message that there is opportunity to support your community in the near future through funding programs that align with these strategic themes. Stemming from these themes, a strong awareness to reach Australia’s 2030 climate commitments is apparent… and will continue to appear in budgets to come.
As always, we will continue to keep you up to date on any changes in grants and assistance through our industry leading grants database, GrantGuru specifically designed for Councils, but please contact us if you or your colleagues have further questions about how to identify and secure funding for your priority projects, or would like to know more about the services we provide to help municipalities across Australia to prosper.
What is GrantGuru?
It is the most comprehensive grants database in Australia. GrantReady has developed a one-stop-shop for grants. We give you direct access to 439 programs with $28.3B Billion available. Our data is up-to-date, easy to understand and all in consistent format so you can quickly decide:
- If you are eligible
- Your chances of success
- Effort versus reward