City budget sets out record works spend
Newcastle City Council will deliver a record $100million works program with a forecasted surplus of $6.5 million in 2018-19, with projects in both the city's east and west among the highlights of the adopted budget.
The Council's 2018-19 budget includes $279.7 million in predicted revenue and $273.2 million in outgoings.
Twenty-four million dollars has been allocated for roads and footpaths this year, $25 million on buildings, structures and places and $19 million on projects designed to advance the city's environmental sustainability and smart city plan.
We forecast a $6.5 million surplus while more than doubling our investment in infrastructure.
We remain committed to delivering our vision for the city through sound financial management while matching spending priorities with the needs and wishes of the community.
Other highlights of the 2018-19 budget include:
- $7.1million to upgrade local bridges
- $8.2million for Newcastle's Smart City program
- $8.1million to renew and upgrade the existing storm water network
- $7.9million on a solar farm to be built at the Summerhill Waste Centre
- $5.4million renewing parks, sporting facilities and open spaces
- $5.1million on cultural facilities
- $2.6million to increase cycling links in the city.