WESTCONNEX $23 Million Black Hole in Council’s Budget
The WestConnex Motorway is expected to create a black hole in Marrickville Council’s budget of at least $23 million over the next ten years, the Greens have revealed today.“Council owns two industrial sites at Tempe which it leases to commercial tenants. In it’s 10 year financial plan Council has acknowledged that these properties are at risk of being acquired by the State Government as they are situated in a current road reserve” noted Greens Councillor David Leary.
“These properties currently contribute roughly $2.3 million in rental income to council’s budget each year and these properties are at risk of acquisition if WestConnex goes ahead” Greens Councillor David Leary revealed today.
“If you add that up over the Councils next ten year financial planning cycle this could represent in excess of $23 million lost income for council” commented Councillor Leary.
“Would Mayor Macri and the Labor-Liberal alliance increase rates or cuts services to make up this funding shortfall? These are questions they need to answer if they are not going to join the community in opposing WestConnex” explained Councillor Leary
“Marrickville Council will debate a motion initiated by its Cooks River Advisory Committee this Tuesday which calls on it to oppose WestConnex. The revelation of this black hole in council’s finances adds to the growing list of reasons why WestConnex should be opposed outright by Council” said Councillor Leary.
Media contact: Clr David Leary 0409 421 323