Regional Cities Investigate Sharing Services To Save Money

13 September 2017

The Andrews Labor Government is helping the ten member councils of Regional Cities Victoria (RCV) work together to reduce costs, meaning more money will be directed back into local communities.

Minister for Regional Development Jaala Pulford today announced $100,000 towards the development of a business case for shared treasury services.

The shared service model will involve RCV cities aggregating funds in order to provide access to wholesale investment markets, which would reduce interest costs for all ten councils.

The savings would allow RCV cities to make further investments in their communities, addressing infrastructure backlogs and developing assets.

The Business Case will articulate the way in which the treasury shared services for local councils would operate, including funding models and management structures.

The Labor Government continues to work with regional and rural local government to find innovative ways to share and reduce annual operational costs.

 

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Source:  Victorian Government - www.premier.vic.gov.au

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