FFTF REASSESSMENT WIN FOR TWEED SHIRE COUNCIL
Tweed Shire Council is now eligible to apply for low-cost loans to unlock vital local infrastructure after a reassessment of their performance found them to be fit for the future, Nationals Members Geoff Provest and Thomas George announced today.
Mr Provest said a review by the Office of Local Government of Tweed Shire Council revised Fit for the Future improvement plan found the Council had taken adequate steps to turn around its financial situation.
“Through demonstrating sound financial management and being declared a ‘fit’ council, Tweed Shire Council will now have access to cheaper loans from the State borrowing agency, TCorp, so they can deliver better infrastructure to our local communities.
“This is a significant outcome for the Council, who will also benefit from having TCorp provide a range of services to help them continue improving their long-term financial planning, treasury management and investment management.”
“The Fit for the Future program is a key reform initiative aimed at ensuring councils are able to deliver the quality services and infrastructure that communities across NSW deserve,” Mr George said.
Minister for Local Government Paul Toole congratulated Tweed Shire Council on its commitment to turning around its financial position.
“Tweed Shire Council is to be commended for improving its financial position and demonstrating a commitment to delivering for its communities,” Mr Toole said.
“The Council is now moving towards a position where it is able to deliver the services and infrastructure the community needs now and into the future.”