SMH
·general
·2 hours ago
The $4.2b infrastructure war chest local councils say they can’t spend
Local councils in NSW hold $4.2 billion in unspent infrastructure funds, hindering the creation of thousands of new homes. A recent analysis revealed significant contributions from developers have not translated into projects due to rigid spending rules. UDIA NSW chief executive Stuart Ayres stated, 'having four billion lazy dollars doing nothing is unacceptable.'.
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