Record budget for the City of Sydney

Next Monday, Council is set to approve a record $1.94 billion building and construction program, which will enable the City to provide important facilities for our community over the next 10 years. Careful planning, extensive consultation and prudent investment have put us in a strong financial position to provide the facilities and services we need to ensure Sydney maintains its reputation as a leading global city.

Our financial plan will see funds invested to nurture Sydney's economy, tourism, sustainability, open spaces and cultural life. We will improve our streets, parks and laneways, and support Sydney's growing population and workforce with quality infrastructure, integrated transport options and state-of-the-art community facilities.

Major commitments we will deliver over the next 10 years include:

  • $440 million for Green Square, including a new town centre with a library and plaza, an aquatic centre and sports field, and the conversion of the former South Sydney hospital into modern community facilities;
  • $220 million to transform George Street and connecting laneways as part of the light rail project;
  • $240 million to upgrade public areas such as footpaths, roadways and paving - including $51 million on granite paving for footpaths in the city centre;
  • $130 million to upgrade the City's parks and green spaces, including $11.7 million on Perry Park and $13.6 million on Johnstons Creek and Harold Park in Glebe;
  • $53 million for new childcare centres;
  • $37 million to integrate the Barangaroo development with Millers Point;
  • $21 million on public art; and
  • $27 million refurbishing pools including $4.8 million on Cook and Phillip Park Pool and $4.3 million on Victoria Park Pool.

Following Council approval next week, the City's 2014/15 budget and long term financial estimates will be on public exhibition on Sydney Your Say until 11 June.

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