Those who benefit should pay
The Productivity Commission has released its draft report on local government funding and financing arrangements and it emphasises that new funding strategies and mechanisms are necessary.
While the report says that the current framework measures up well against the principles of a good funding and financing system for local government, it also says there is room for improvement.
More specifically, the report says Councils need to make better use of existing tools and that new funding mechanisms are needed to address rising costs pressures.
One key area where the existing funding model is insufficient to address cost pressures is supplying enough infrastructure to support rapid urban growth.
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