15 May 2012
The City has again delivered a balanced budget with no debt, which places us in a strong financial position over the next decade.
The 2012/15 Budget was endorsed for public exhibition at Council last night and the City will soon start asking for feedback from the community.
We will be investing almost one billion dollars over the next 10 years on projects big and small to strengthen Sydney’s reputation as a leading global city.
21 major projects are due for completion in 2012-13 and there are dozens more in the pipeline.
Our research shows people choose to work, set up a business and visit Sydney for many of the same reasons they choose to live here, so making our city work for residents is just as important as making it work for business and visitors.
It’s our high-quality parks, healthy environment and diverse cultural life that attract people but it’s critical our transport network and infrastructure also support growth.
The City’s long term Sustainable Sydney 2030 strategy outlines how we plan to tackle these critical issues, and I’m pleased to report we are well on track to meet our goals.
Major projects worth $864 million scheduled for the next 10 years include:
The City will also invest an additional $894 million on ongoing programs, including:
21 major projects are due for completion by mid 2013, including:
I encourage you to have a look at the budget and have your say.